November 14, 2012

Notes from PLI’s Securities Law Institute

I haven’t personally made it to PLI’s annual Securities Law Institute in perhaps 6-7 years now after being a mainstay for 15 years or so. But my goal is to make it next year. I will be at the ABA Fall Meeting this Friday. Anyways, PLI has blogged some of the highlights from last week’s event, including:

Update from the Division of Corporation Finance
Ongoing Disclosure and Compensation Challenges
Jumpstarting Capital Formation – the New Legislation and Other Developments
Governance Challenges
Enforcement Roundtable
Ethical Issues with Whistleblowers and Investigations
General Counsel Roundtable

I was very sad to hear that Jim Byrne, long-time corporate secretary for Bankers Trust – who retired a decade ago – has passed away. Here is his NY Times obit. Jim was one of the bright stars that drew me into the fold of the Society of Corporate Secretaries. When I was at the SEC, he arranged a trip for me and others to Wall Street to explain some of the mysteries of the process. A very kind man. My condolences to his family and friends.

Say-on-Pay: Now 60 Failures

I’ve added two more companies to our failed say-on-pay list on for 2012 as Oracle and PMFG during the past week. We are now at 60 companies in ’12 that have failed to garner major support. Hat tip to Karla Bos of ING Funds for keeping me updated.

Compensation Standards Newsletter: Fall Issue Now Available

We have posted the Fall 2012 Issue of our Compensation Standards newsletter that contains practical guidance pulled from our successful pair of executive pay conferences. With Dave Lynn, Mark Borges and I wrapping up the 2013 Edition of Lynn, Borges & Romanek’s “Executive Compensation Disclosure Treatise & Reporting Guide”- all of the updated Chapters of the Treatise are already posted on – we thought it was best to compile the Talking Points as our Fall issue since that guidance didn’t make it into the Treatise.

If you wish to order a hard-copy of the Treatise, try this No-Risk Trial to the Hard-Copy of Executive Compensation Treatise.

– Broc Romanek