Internal Audit 360

FEBRUARY 1, 2024

Third, even when the CAE reports to the audit committee functionally, conflicts can still arise since management manages the CAE administratively, often making decisions about financial resources, staffing decisions, investment decisions, and day-to-day duties. In the real world, though, that’s rarely the case.

Accounting Firms 52

Accounting Firms Compliance Banking Technology 52

Reynolds Holding

JANUARY 11, 2023

governance organizations called for U.S. Shortly thereafter, the SEC sought public feedback on 74 topics related to audit committee disclosures. Proxy statements allow audit committees to “tell their story” and assure investors that they are fulfilling their fiduciary duties. Background about Audit Committee Disclosures.

Accounting Firms 59

Accounting Firms Marketability 59

Value Scope

JULY 21, 2020

The term Environmental, Social & Governance, commonly called “ESG,” is not a new concept. It was a hot topic before the COVID pandemic, in discussions to measure and value how companies engaged in sustainable and societally beneficial activities. Executive Summary. Sometimes it was one of the hosts, sometimes it was a guest.

Intangible Assets 130

Intangible Assets Beta Alpha Unlevered Beta 130

Cooley M&A

JULY 20, 2023

The longer answer: The court concluded that such a vote, often called “ Corwin cleansing,” does not apply to post-closing claims for injunctive relief. The facts Following a period of poor performance and speculation of activist interest, Limelight Network entered into a stock-for-stock combination with the owners of Edgecast to create Edgio.

Equity 52

Equity Marketability 52

ISA

AUGUST 30, 2022

In Florida, where I practice, there are Florida Statutes, Chapter 744 for Guardianship, where one can look up the statutes on topics such as powers and duties of a guardian, conflicts of interest, prohibited activities, court approval, and breach of fiduciary duty. It is at once entertaining and disturbing to watch.

Appraisal 75

Appraisal Fair Market Value Liquidation Value Marketability 75

Harvard Corporate Governance

OCTOBER 28, 2022

I will focus on two topics: the concept of “materiality” in the federal securities laws and the comparability of ESG disclosure in fund documents. Uyeda is a Commissioner at the U.S. Securities and Exchange Commission. This post is based on his recent public statement. Good afternoon everyone. Today, SRI has transformed into ESG.

Banking 199

Banking Enterprise Value Marketability Compliance 199

Reynolds Holding

MAY 25, 2023

As is customary, I’d like to note that my views are my own as Chair of the Securities and Exchange Commission, and I’m not speaking on behalf of my fellow Commissioners or the SEC staff. Investment Company Act of 1940 There is a saying when you’re in the woods. You don’t have to outrun the bear; you just have to outrun one of your fellow campers.”

Banking 40

Banking Treasury Marketability Start-ups 40

ThomsonReuters

JANUARY 2, 2024

While no details have been released so far, topics examined by the working group provide some insight. Requests for responses are due January 31, 2024. Houlahan and Bice recently unveiled the progress of a bipartisan Paid Family Leave Working Group that held several meetings to explore Paid Family and Medical Leave (PFML) legislation.

Compliance 52

Compliance 52

Reynolds Holding

DECEMBER 18, 2022

The EU’s General Data Protection Regulation 2016 (the “GDPR”) changed the global privacy landscape, and has been called the “gold standard” for data protection regulation. Recently, a number of U.S. Recently, a number of U.S. Thus far, only the CCPA has regulations in force and has been enforced. Data Controllers & Data Processors.

Banking 45

Banking Compliance Start-ups Technology 45

Reynolds Holding

MARCH 29, 2022

Even though there is no observable disagreement that climate change is occurring and at an ever-accelerating rate (just as predicted years ago in the so-called hockey stick trajectory), I am struck by the sharp contrast with what happened 50 years ago, when our nation also believed it was at an environmental crossroads.

Banking 72

Banking Market Capitalization Marketability 72

ThomsonReuters

AUGUST 18, 2023

It adds that an employment relationship will generally exist regarding students whose duties are not part of an overall educational program and who receive some compensation. Economic reality test The U.S. “However, there is currently no consensus about which test should be used.”

Compliance 52

Compliance Marketability 52

Reynolds Holding

NOVEMBER 12, 2023

This case marks a significant precedent, as it is the first instance where the SEC charged a CISO with fraud, representing a profound departure from its traditional focus on officers with explicit accounting and disclosure duties and SEC reporting expertise.

Compliance 40

Compliance Equity Technology 40

Reynolds Holding

APRIL 25, 2022

Many of these scholars have been strongly influenced by the late Lynn Stout’s work on the topic. The question of corporate purpose has been much in the news of late, triggering renewed attention by legal scholars to corporate social responsibility, ESG, and shareholder value maximization.

Dividends 119

Dividends Banking Marketability 119

Reynolds Holding

JANUARY 31, 2024

In support of their claims under Rule 10b-5, the plaintiffs alleged that, under Item 303, Macquire had a duty to disclose that the company’s most profitable subsidiary stood to lose a significant amount of its fuel storage business as a result of impending regulations, known as IMO 2020. In an unpublished summary order, the U.S.

Start-ups 45

Start-ups Technology Marketability Banking 45

ThomsonReuters

MARCH 22, 2021

A more realistic aid would be searchable online tax libraries that contain news and content related to the specific tax topics a business needs to follow. It is a resource that offers a sense of security even if the company has its own full payroll department or outsources payroll duties to a third-party provider. Federal News.

Start-ups 52

Start-ups Treasury 52

Reynolds Holding

JUNE 8, 2022

First, I’d like to discuss the minimum increments at which securities are priced — what’s called the tick size. Thank you, Rich (Repetto), for that kind introduction. It is good to be with you again. As is customary, I’d like to note my views are my own, and I’m not speaking on behalf of my fellow Commissioners or the SEC staff.

Marketability 45

Marketability Equity Technology Finance 45

FE International

MARCH 23, 2022

Most small businesses valued at under $5,000,000 are valued using a multiple of seller discretionary earnings (SDE or sometimes also called seller discretionary cash flow ) particularly if they are relatively slow growing and do not have a management team in place. Other Factors to Consider When Valuing a SaaS Business. How To Sell a SaaS.

EBITDA 105

EBITDA Start-ups Business Valuation Marketability 105

IVSC

OCTOBER 21, 2023

Nygard, MAI, FRICS is the Division Chief for the Evaluations Division (“EV”) within the Bureau of Overseas Buildings Operations of the U.S. Department of State. EV is responsible for evaluation of U.S. Embassy and Consulate facilities and other real estate worldwide. The portfolio consists of over 25,000 properties in over 190 countries.

Appraisal 246

Appraisal Marketability Technology Start-ups 246

Reynolds Holding

MAY 9, 2023

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. First, the rule allows voting stockholders to make their own ad hoc choice of nominees from the slates proposed by management, on one hand, and by the nominating stockholder, on the other.

Dividends 45

Dividends Finance Equity Marketability 45

Reynolds Holding

MAY 4, 2022

The 2021 Annual Corporate Directors Survey [5] indicates that ESG is among the topics that shareholders most want to discuss with directors, and 62 percent of directors of companies with annual revenues in excess of $5 billion confirmed that ESG themes are regularly on their board’s agenda. ESG as part of the duties of inside counsel.

Compliance 58

Compliance Marketability 58

Reynolds Holding

SEPTEMBER 11, 2023

The SEC makes clear, though, that advisers still cannot waive their Federal fiduciary duties or seek reimbursement for breaches of such duties, and that a breach of fiduciary duties may arise from conduct that is merely negligent. On August 23, 2023, the U.S. The Proposed Rules Housed Some Red Herrings as We Hoped.

Compliance 40

Compliance Marketability Start-ups Banking 40

Reynolds Holding

MARCH 6, 2024

This is precisely what the Supreme Court called for in TSC Industries v. To that, I emphasize the advice that I give to would-be investors: do not rely on the marketing materials and read the prospectus instead. In adopting new disclosure rules, the Commission should understand the informational needs of a “reasonable investor.”

Compliance 53

Compliance Corporate Finance Marketability Finance 53

Reynolds Holding

OCTOBER 5, 2022

The number of securities lawsuits filed since January has remained steady compared to the first half of 2021. We have already seen many notable developments in securities law this year. SPAC and crypto-related filings continue to be a focus of plaintiffs’ attorneys, even as the nature of these suits continues to evolve. B. Settlement Trends.

Start-ups 72

Start-ups Marketability Equity Compliance 72

Reynolds Holding

JULY 5, 2022

Last Thursday, the Supreme Court concluded its most tumultuous Term in recent memory. The Term was marked by a number of closely divided decisions on contentious issues ranging from President Biden’s vaccination mandate to gun rights to religious liberty. The showstopping exception was last week’s decision in West Virginia v. Domestic Arbitration.

Compliance 45

Compliance 45

Reynolds Holding

OCTOBER 13, 2022

In March 2022, the Financial Times reported a “boom” in environmental, social and governance (ESG) ratings, with a “race to carve out market share in the very lucrative business of providing advice to investors on environmental, social and governance issues”. And the interest does not sit with investors alone. Many ratings are purely inward looking.

Marketability 53

Marketability Banking 53

Appraisers Blog

JULY 27, 2023

I also included Joans spaghetti map of appraisal related regulatory authority as a reference to this complicated topic matter. Additionally I mentioned how regulatory structure never actually encompassed the amc industry properly, the amc industry coming in after all other regulatory structure development.

Appraisal 84

Appraisal Compliance Marketability Equity 84

Internal Audit 360

FEBRUARY 3, 2022

I t’s become common practice at many companies to conduct internal audits of the company’s culture. Auditors assess leadership, tone at the top, ethics, and the general emphasis on doing the right thing, among other aspects. Who is ensuring that internal audit is modeling the right values and operating as a beacon for the company?

Start-ups 75

Start-ups Banking 75

Internal Audit 360

FEBRUARY 3, 2022

[dropcap]I[/dropcap]t’s become common practice at many companies to conduct internal audits of the company’s culture. Auditors assess leadership, tone at the top, ethics, and the general emphasis on doing the right thing, among other aspects. Who is ensuring that internal audit is modeling the right values and operating as a beacon for the company?

Start-ups 52

Start-ups Banking 52

Reynolds Holding

FEBRUARY 23, 2023

These are people who understand that our only duty is to seek justice, whether it means pursuing convictions or declining to prosecute when the circumstances warrant. Which brings me to my next topic: the Fraud Section’s enforcement results over the past year. Thank you, Brian, for the kind introduction. Attorney’s Office.

Compliance 45

Compliance Marketability Start-ups Banking 45

Reynolds Holding

NOVEMBER 14, 2022

Good morning. Thank you, Mark, for your kind invitation to speak with you all today – and congratulations on the 25 th anniversary of this conference. I am deeply honored to be giving the Scott Friestad Memorial Keynote address, particularly since we are joined today by his son, Wilson. Thank you, Wilson, for your gracious introduction.

Marketability 45

Marketability Equity 45

Reynolds Holding

MARCH 27, 2023

Although the number of securities lawsuits filed this year remained steady compared to 2021, we have seen many notable developments in securities law. We also provide an update on the status of mandatory federal forum provisions in the Ninth and Seventh Circuits and in the State of California. In particular, the Second Circuit in SEC v.

Technology 59

Technology Start-ups Compliance Finance 59

Harvard Corporate Governance

JANUARY 28, 2023

As we previously described (most recently here and here ), environmental, social, and governance (ESG) topics have become prominent (and polarized) political issues in recent months. This post is based on a Wachtell Lipton memorandum by Mr. Lipton, Adam O. Emmerich , Kevin S. Lipton, Adam O. Emmerich , Kevin S. Niles and Anna M.

198

198

Reynolds Holding

DECEMBER 5, 2022

While the world recovers from the worst of the pandemic, the economic, political and social repercussions will continue to play out in ways that, while unpredictable, are in some respects characterized by observable patterns of cause-and-effect and cyclicality.

Technology 66

Technology Banking Compliance Finance 66

Reynolds Holding

JANUARY 26, 2023

In 2022, public companies witnessed a new kind of corporate governance activism. New rules and regulations from the Securities and Exchange Commission (the SEC) use the lever of mandated disclosure to push for corporate governance actions, and in some cases what amounts to reforms.

Start-ups 94

Start-ups Marketability Compliance 94

Reynolds Holding

OCTOBER 10, 2023

or efforts,” the adopting release emphasizes the informational advantages of so-called “informed bystanders.” [7] or efforts,” the adopting release emphasizes the informational advantages of so-called “informed bystanders.” [7] Accordingly, I cannot support it. Hence, a market is made. The prices speak for themselves. [3]

Marketability 49

Marketability Equity Technology Finance 49

Reynolds Holding

MAY 25, 2022

Over the past two years, U.S. 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. There are reasonable grounds for that position. Regulation S-K.

Compliance 53

Compliance Start-ups Marketability Corporate Finance 53

Reynolds Holding

MARCH 30, 2023

The recent controversy involving public speech at Stanford Law School suggests an appropriate, and pressing, topic to be addressed by the corporate social voice. Consistent with recent practice, corporations can serve their stakeholders by using the Stanford example to promote the civic importance of freedom of speech. Judge Stuart K.

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