On the heels of the news that a shareholder proposal about climate disclosure received support of over 98% at BP last week, comes the news that a group of 62 institutional investors has sent this 7-page letter to the SEC seeking better climate disclosure from oil & gas companies. The letter gets pretty specific about deficiencies in carbon asset risk disclosures. See this press release – and this Reuters article…
FINRA Pursues Reg M Enforcement Cases
This recent short-selling case demonstrates FINRA’s continued oversight of Rule 105/Regulation M practices…
California Companies Reincorporating in Nevada & Delaware
This blog by Keith Bishop describes how California continues to hemorrhage corporate charters to Delaware and Nevada. Here’s an excerpt:
The most recent potential emigrant is SJW Corp. which filed this proxy statement last week seeking shareholder approval of a reincorporation from California to Delaware. Can California and other states stanch the flow by offering licenses only to domestic corporations? Surely, there must be some constitutional bar to such a requirement – or maybe not? That question was answered last week by U.S. District Court Judge Lucy H. Koh in Nationwide Biweekly Admin., Inc. v. Owen, 2015 U.S. Dist. LEXIS 34558 (N.D. Cal. March 18, 2015).
– Broc Romanek