by David Schwartz J.D. CPA, Executive Director | Dec 20, 2011 | All, Procedural Changes
On December 20, ISS published its white paper laying out in detail the pay for performance methodology it will implement under its 2012 policy updates. The goal of the white paper is to help both institutional clients and the companies in which they invest more fully...
by David Schwartz J.D. CPA, Executive Director | Dec 19, 2011 | All, Formal Regulatory Remedies, Procedural Changes
In her December 15, 2011 address before the Transatlantic Corporate Governance Dialogue, SEC Chairman, Mary L. Schapiro, stated that in response to comments received on the Commission’s Proxy Plumbing concept release, the Commission is seriously considering...
by David Schwartz J.D. CPA, Executive Director | Dec 19, 2011 | All, Formal Regulatory Remedies
In reaction to high volatility in the financial markets, on August 11, 2011, the Belgian Financial Services and Markets Authority (FSMA) banned shorts selling on of shares of certain Euronext Brussels listed banks and financial institutions. The FSMA also banned short...
by David Schwartz J.D. CPA, Executive Director | Dec 16, 2011 | All, Formal Regulatory Remedies, Procedural Changes
The financial crisis has put a spotlight on the corporate governance structures of financial institutions, raising questions about whether the prevailing governance structures of banks are ineffective and whether implementing independence standards imposed by the...
by David Schwartz J.D. CPA, Executive Director | Nov 28, 2011 | All, Change Overview and Rationale
Over the past few months, spreads for credit default swaps (CDS) have widened quite dramatically. This is true for European sovereign CDSs as well as financial institutions, including those for US banks. For example, in September, the five-year CDS spread for Bank of...
