Remove 11 24 us-public-company-board-diversity-in-2023
article thumbnail

Davis Polk Discusses the Federal Reserve OIG Report on Silicon Valley Bank Failure

Reynolds Holding

Thus, flattening regulatory tailoring would produce no benefits in terms of increased financial stability, but would produce significant costs in terms of a less diverse, more concentrated banking system. That is why recognizing the key differences between the OIG Report 1 and the Barr Report is so important.

Banking 40
article thumbnail

SEC Chair Testifies Before U.S. House Committee on Financial Services

Reynolds Holding

He had a historic career of public service, including as Chair of the House Committee on Interstate and Foreign Commerce. 1] In his 11th term 20 years later, in the wake of the market crash of 1929, he was successful in getting a bill through to bring full, fair, and truthful issuer disclosures to the investing public.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SEC Commissioner Peirce Criticizes Regulatory Flexibility Agenda

Reynolds Holding

We used to focus on companies’ disclosure of economically material information; we now focus on disclosure of hot-button matters outside our remit. [3] 4] We once worked to help small and emerging companies raise the funds that are their lifeblood; we now work to increase their costs and shrink their investor base. [5]

article thumbnail

SEC Chair Gensler Speaks on Updated Rules for Private Funds

Reynolds Holding

1] That same 1996 law included an important provision that SEC rulemaking had to consider efficiency and competition as well as capital formation, in addition to investor protection and the public interest. It participates in capital formation for startups to late-stage companies. The Managed Funds Association was founded in 1991. (As

article thumbnail

Milbank Discusses Universal Proxy and “Horizontal” Conflicts

Reynolds Holding

There is reason to believe the SEC’s new universal proxy Rule 14a-19 will result in more stockholder nominees being elected to the boards of public companies. 1] However, Rule 14a-19 does not address the longstanding question of just what information the nominating stockholder should disclose to voting stockholders.

article thumbnail

Gibson Dunn Offers 2022 Year-End Securities Litigation Update

Reynolds Holding

We examine developments in federal securities litigation involving special purpose acquisition companies. Although the number of securities lawsuits filed this year remained steady compared to 2021, we have seen many notable developments in securities law. In particular, the Second Circuit in SEC v.

article thumbnail

Skadden Discusses ESG in 2022 and Predictions for 2023

Reynolds Holding

Following another year of increasing focus on environmental, social and governance (ESG) considerations by companies, investors and regulators alike, ESG appears to have cemented its position in the corporate landscape. With the continuing introduction of new legislation, the growth of this market is not expected to slow in 2023.

Finance 49