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Baxter Signs Definitive Agreement to Divest its BioPharma Solutions Business to Advent International and Warburg Pincus for $4.25 Billion

Business Wire M&A

BOSTON & NEW YORK--(BUSINESS WIRE)--Baxter International Inc. Under the terms of the definitive agreement, Baxter will receive $4.25 DEERFIELD, Ill. billion in cash, subject to ce

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SEC Chief Accountant Discusses Auditors’ Responsibility for Fraud Detection

Reynolds Holding

5] Under existing Public Company Accounting Oversight Board (“PCAOB”) auditing standards, auditors for issuers have a responsibility to consider fraud and to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether caused by fraud or error. [6] 22, 2022) (settled order); In re WEX Inc. ,

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SEC Enforcement Chief Speaks on Penalties, Investigations, and Compliance

Reynolds Holding

While the examples I’ve discussed involved penalties against companies and firms, holding individuals accountable is also critical to our efforts. But more is required to ensure accountability from senior executives at public companies and incentivize them to prevent misconduct at their firms. SOX 304 Clawbacks. Disgorgement.

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SEC Announces Enforcement Results for FY 2022

Reynolds Holding

Barclays also undertook to complete an audit of policies and procedures and internal controls related to Section 5 compliance, and to submit a resulting report to the Audit Committee of the firms’ Boards of Directors and the SEC staff. For example, three former senior executives of infrastructure company Granite Construction, Inc.

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Katten Discusses Shareholder Litigation Risk in an Unstable Geopolitical Environment

Reynolds Holding

public companies faced an unpredictable risk environment. Two geopolitical crises – the Covid-19 pandemic, and the Russian invasion of Ukraine – strained international supply chains and destabilized financial markets. Item 303 identifies a broader range of circumstances where companies must disclose material events and uncertainties.

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Gibson Dunn Discusses Shareholder Proposal Developments for the 2022 Proxy Season

Reynolds Holding

This post provides an overview of shareholder proposals submitted to public companies during the 2022 proxy season, [1] including statistics and notable decisions from the staff (the “Staff”) of the Securities and Exchange Commission (the “SEC”) on no-action requests. [2]. Top Shareholder Proposals Submitted to Public Companies.

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