Today we continue our weekly installment highlighting the best of the corporate and securities blogosphere from this past week. Highlights include a novel connection between bank corruption and national security, tips on going public, and the impact the MF Global bankruptcy has on the future of CFTC procedures.
1. ON Securities Blog : What Should Public Companies Know About the Proxy Advisors – Proxy advisory firms and the role they play have had some controversy over the last few years in regards to their recommendations in relation to executive compensation and Say-on-Pay votes. This post shares the personal observations of an ISS compensation researcher at the Proxy Disclosure Conference. Highlighted are the behind the scenes processes and policies that shape proxy advisory decisions.
2. Corporate Compliance Insights Blog: SEC Issues to Consider When Going Public – This post serves as a great resource for preparing for an initial public offering, breaking down the public disclosure requirements, corporate governance requirements, and the Sarbanes-Oxley and Dodd-Frank requirements.
3. Deal Book: Regulator Calls for New Steps After Collapse of MF Global – A common trend that emerges post-mega-corporate-scandal is the call for more regulation and transparency. This time around, the mega-corporate-scandal belongs to MF Global as they declared bankruptcy after an estimated $600 million dollars went missing from customer accounts. The call for regulation comes from a member of the CFTC suggesting the agency enact new transparency measures among other reforms.
4. Federal Securities Law Blog: Monthly Litigation Review, Nov. 15th Edition – This post summarized the prominent securities related litigation of the past 30 days, including the SEC’s case against CitiGroup, the civil judgment entered against Raj Rajaratnam, as well as other issues for the SEC regarding the Bernie Madoff investigation.
5. FCPA Compliance and Ethics Blog: Transaction Monitoring: Fighting Corruption and Protecting National Security – The need for more transparency within financial institutions is a popular charge, and now the New York County District Attorney’s Office is looking to add national security to the list of reasons why. This post details the connection between national security issues and financial institution policies.