November 19, 2012

ISS Releases 2013 Voting Policies

Just as I was pushing the button on Friday morning to blog about Glass Lewis’ ’13 policies, ISS released their 2013 voting policies. ISS is holding a webcast on December 6th, by which time it is likely that ISS will have also issued a set of FAQs that flesh out the new policy updates. We have our own annual webcast with Pat McGurn coming up too – “Pat McGurn’s Forecast for 2013 Proxy Season: Wild and Woolly.” I’ll be posting memos in our “ISS Policies” Practice Area.

Here are blogs summarizing the development from Towers Watson, Mike Melbinger, Davis Polk, Blog and Just Compensation.

The SEC’s Annual Whistleblower Report: 3000 Tips in a Year

Last week, the SEC’s Office of the Whistleblower published a report for its activities of for the past year – revealing that it received 3,000 whistleblower tips from all 50 states and from 49 countries, with the most common complaints being related to disclosures & financials (18%), offering fraud (16%) and manipulation (15%). The bulk of the tips inside the U.S. came from California (17%) with New York (10%) and Florida (8%) being right behind (“need some swamp land?”). The big news was that 143 enforcement judgments and orders potentially qualify for a whistleblower award.

SEC Still Has Reservations about IFRS

As this Accounting Today article notes, the SEC’s “wait and see” approach to IFRS doesn’t appear to be changing…

– Broc Romanek