Jeff Jinnett: SEC Adopts Final Rule on Proxy Nominations for Board of Directors

My June 29th blog posting on this topic noted the Dodd-Frank legislation authorizes the SEC to issue rules granting shareholder access to management’s proxy statement for the purpose of nominating directors to the board.  On August 25, 2010, the U.S. Securities and Exchange Commission adopted a final rule entitled “Facilitating Shareholder Director Nominations”[i]. Under the…

0

Jeff Jinnett: The Film “The Hurt Locker” as the “I Ching” for Today’s CIO

Quote from the film “You’ve Got Mail” (Tom Hanks as “Joe Fox” to Meg Ryan as “Kathleen Kelly” as she asks for advice as to how her small neighborhood book store can compete with a large national bookstore chain): “The Godfather is the I Ching. The Godfather is the sum of all wisdom. The Godfather…

0

Jeff Jinnett: The Nimble Approach to Compliance: Multi-Purpose IT Solutions and “Nexialist” Compliance Attorneys

Regulatory compliance has become an increasingly costly burden. For example, SIFMA has estimated that the U.S. securities industry in 2004 spent $23.2 billion on compliance-related activities(1). In addition, regulatory mandates have become more intrusive in their application to how business is conducted. In response to corporate scandals such as Enron, the mandates have shifted from…

0

Jeff Jinnett: Obama Administration Proposed Financial Services Regulatory Reforms (Part 1): An Overview

On June 17, 2009, the U.S. Department of the Treasury issued a white paper entitled “Financial Regulatory Reform – A New Foundation: Rebuilding Financial Supervision and Regulation” (the “New Foundation White Paper”).(1)  The New Foundation White Paper outlines the Obama administration’s proposals for significant changes in the framework under which financial institutions are regulated by…

0