Today we continue our bi-weekly installment shining a light on the best of the corporate and securities blogosphere. Highlights include corporate political spending, the rising importance of the CCO, cybersecurity and more. 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) The Corporate Counsel: The World’s Largest Holiday Disclaimer 2012 Version - Sometimes even lawyers just have to sit back and laugh at themselves. In this post, Broc Romanek blogs about the world’s largest holiday disclaimer and provides links to some laugh-out-loud lawyerly holiday greetings.
2) FCPA Compliance & Ethics Blog: The CCO: Co-Equal to the General Counsel in the Eyes of the DOJ - One of the items that the DOJ has increasingly focused on in its enforcement actions is the role of the Chief Compliance Officer and whether this position has adequate staffing and resources to accomplish its mandated tasks in a minimum best practices compliance program under the FCPA. In this post, Thomas Fox discusses some recent DPAs and NPAs that shed light on what government expectations are for this increasingly important role.
3) DealBook: Voluntary Disclosure on Corporate Political Spending Is Not Enough - In the near future it is expected that the SEC will consider the rulemaking petition urging adoption of rules that would require public companies to disclose information about their political spending. In their post, Lucian Bebchuk and Robert Jackson, Jr. discuss how many companies have bowed to public pressure and adopted voluntary disclosures but this simply isn’t enough for a number of reasons they discuss in depth.
4) HLS Forum on Corporate Governance & Financial Regulation: Cybersecurity Risks and the Board of Directors - As boards of directors examine the risks that their companies face, corporate cybersecurity issues loom large. In this post, David Katz of Wachtell says with revenues, intellectual property, business relationships and customer confidence potentially at stake, directors should consider whether their companies and management teams are adequately addressing the growing threat of cybersecurity in the new high-tech landscape.
5) ON Securities: It’s Time to Review Procedures for Insiders’ Rule 10b5-1 Trading Plans - Recent news reports make it clear that now is a good time for public company compliance officers to review their company’s procedures for approval of insiders’ Rule 10b5-1 trading plans. In this post, Marty Rosenbaum says if you are not looking at your practices in this area, it’s possible that a regulatory authority or media reporter will soon be taking a close look.