On May 3, 2023, the U.S. Securities and Exchange Commission (the “SEC”) adopted, by a 3-to-2 vote, amendments (the “Amendments”) to its existing rules (the “Existing Rules”) regarding disclosures about purchases of an issuer’s equity securities by or on behalf of the issuer or an affiliated purchaser, commonly referred to as “buybacks.” The Amendments require
Commissioners’ Comments at the 42nd Annual Small Business Forum
The Securities and Exchange Commission’s Office of the Investor Advocate held the 42nd Annual Small Business Forum—this time convening panels over four days on various topics, including trends and challenges affecting early stage businesses, smaller funds, and accessing the public markets and raising capital by smaller public companies. The Small Business Forum also solicits
Navigating the Ever-Changing ESG Minefield – A Talk by Yafit Cohn Hosted by Lawrence Cunningham & Anna Pinedo
May 11, 2023 Hybrid
5:00 pm – 6:00 pm ET
Register here.
Join Yafit Cohn, Chief Sustainability Officer and Group General Counsel at The Travelers Companies, Inc., as she discusses the importance of ESG for a holistic view of risks and opportunities that could impact a company’s ability to create long-term shareholder value, juxtaposed
MB Microtalk: SEC Disclosure Considerations Following Bank Sector Disruptions
In this MB Microtalk video, Mayer Brown’s Laura Richman discusses the types of disclosures that public companies should consider in light of recent bank failures, the resulting intervention by governmental authorities and related market volatility.
Read the legal update here.
Visit our MB Microtalk page for more topics and talks.
Nasdaq Bank Webinar Series: Corporate Governance – Board Oversight, Risk Mitigation & D&O Strategies
SEC Disclosure Considerations Following Bank Sector Disruptions
Recent failures of certain domestic and international banks and resulting government intervention, acquisitions and subsequent developments have resulted in significant disruption in the bank sector. Compliance with U.S. securities laws is important, especially in times of heightened uncertainty. This alert focuses on the impact the current volatility may have on disclosures that public companies make
Blackbaud Inc. to Pay $3 Million to SEC for Alleged Misleading Disclosures in 2020 Ransomware Attack
Public companies should note a recent settlement with the US Securities and Exchange Commission (“SEC”). On March 9, 2023, the SEC announced that Blackbaud Inc. agreed to pay $3 million to settle charges for alleged misleading disclosures about its 2020 ransomware attack and for alleged disclosure control failures. This serves as a reminder for public
Disclosing Perks and Payments
The Securities and Exchange Commission recently announced a settlement with Oregon-based freight transportation supply company, The Greenbrier Companies Inc., and founder and former CEO and Chairman, William A. Furman, for (i) failing to disclose perks provided to Furman and certain other Greenbrier executives, and (ii) failing to disclose compensation Furman received from Greenbrier’s use and
Maintaining Perspective: Governance and Disclosure Reminders for Public Companies
Companies will be affected in a variety of ways by the receivership of Signature Bank, Silicon Valley Bank or any other similarly situated financial institution. Companies may face difficulty accessing bank facilities or the capital markets or limitations on money market or commercial paper facilities. Resulting liquidity constraints may entail difficult decisions, including prioritizing the
ESG and the Future of Corporate Governance – A Conversation with William D. Cohan & Lawrence A. Cunningham
March 29, 2023 Hybrid
5:00 pm – 6:00 pm ET
Register here.
The ESG movement has generated significant changes in the environmental, social and governance practices of many public companies and their investors. Yet the movement now faces rising resistance that could stall or reverse its achievements. Amid intensifying debate, it pays to take