Today we continue our weekly installment highlighting the best of the corporate and securities blogosphere from this past week. Highlights include the JOBS Act, Instagram and Facebook and Hillary Clinton on the FCPA. If there are any corporate or securities blogs you think should be highlighted by our Top 5, please comment on this post and we’ll check them out!
1) Corporate Compliance Insights: Why Secretary Clinton’s FCPA Remarks Are Notable - Recently, U.S. Secretary of State Hillary Clinton, speaking on behalf of the Obama administration, forcefully joined the debate on whether FCPA-related burdens should be reduced. Her comments are a sharp rejoinder to the reforms proposed by the U.S. Chamber of Commerce. In this post Matteson Ellis discusses the importance of the Administration’s tough FCPA stance.
2) DealBook: The Instagram Deal and the Question of When to Sell - It is a delicate question indeed. When does a successful start-up cash out and sell to a bigger fish? This post examines the recent Instagram deal as well as other companies who chose not to sell (Google, Facebook) and reaped the rewards anyway.
3 Dodd-Frank.com: SEC Begins Revamping Registration Process Following JOBS Act - The SEC has issued a number of frequently asked questions outlining the interaction between confidential registration statements permitted under the JOBS Act and the balance of the registration and offering process. In this post, Steve Quinlivan discusses some of the more interesting points of the FAQs.
4) The Race to the Bottom: Compensation and the Consequences of Preemption - Executive compensation has typically fallen within the realm of state law, most often Delaware. But state law has not proved up to the task resulting in both SOX and Dodd-Frank federalizing the compensation process. In this thoughtful post, Professor J. Robert Brown discusses the sometimes unfortunate consequences of pushing compensation matters to the federal level.
5) Insight: The SEC Forms a New Investor Advisory Committee - Not to be overlooked this week among all of the big SEC related news is the formation of a new 21-member Investor Advisory Committee “to advise the Commission on regulatory priorities, the regulation of securities products, trading strategies, fee structures, the effectiveness of disclosure, and on initiatives to protect investor interests and to promote investor confidence and the integrity of the securities marketplace.”