TheCorporateCounsel.net

Yesterday, the FASB voted 7-0 to draft rules to expense options over the next year – see http://www.fasb.org/news/nr031203.shtml.

It is reported that Schering-Plough is preparing a “Wells notice” in response to a SEC enforcement investigation regarding an alleged Regulation FD violation. This is particularly significant because its a signal that new SEC chairman William Donaldson supports Reg FD (and Donaldson did not support Reg FD when it was initially proposed a few years ago).

We just posted 10 sample Reg FD policies for TheCorporateCounsel.net subscribers at http://www.thecorporatecounsel.net/member/FD_10b5-1/Reg-FD/policies.htm.

We also have posted 10 more sample back-up certifications – see http://www.thecorporatecounsel.net/member/Sarbanes/Back-UpCerts/index.htm.