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Securities & Exchange Commission (SEC)
Rule 14a-8 Amendments Allowing Shareholder Proposals On Proxy Access To Go Into Effect Shortly
On September 15, 2011, the Securities and Exchange Commission (SEC) issued a release announcing that amendments to Rule 14a-8 allowing shareholder proposals on proxy access will become effective as soon as the SEC's release is published in the Federal Register . As a result, companies soon...
Read MoreLabor & Employment
Proposed NLRB Rules Disadvantage Employers
Editor: Tell us about your background. Waxman: I'm a partner in Akin Gump's Labor and Employment Group in Washington, D.C. My practice focuses on complex class action labor and employment litigation and strategic advice. Editor: On June 22, the NLRB issued a notice of proposed...
Read MoreRegulatory & Compliance
A Wake-up Call For The SEC
Editor: Please describe the DC Circuit's decision to vacate SEC Rule 14a-11, the Proxy Access Rule. What are some of its critical elements? Menges:Commonly known as the Proxy Access Rule, 14a-11 was adopted by the SEC after authorization by the Congress in the Dodd-Frank bill to facilitate...
Read MoreInformation Governance
Legislative Proposals Compete As Privacy, Data Security, And Breach Notification Continue To Draw The Attention Of Federal Policymakers
The Obama administration and Congress view regulations regarding privacy, data security and breach notification as areas where bipartisan agreement may be possible. Well over a dozen bills have been introduced this year alone, and federal agencies ranging from the Federal Trade Commission and the...
Read MoreAnti-Corruption
The Global Reach Of The UK Bribery Act
Editor: The UK Bribery Act is now in force. What major provisions distinguish this statute from the FCPA? In what respects does it have a broader reach? Williams: In a number of respects the UK Bribery Act has a broader reach than the FCPA in that activity that would not be an offense under the...
Read MorePro Bono
The Akin Gump Pro Bono Legacy, More Robust Than Ever, Lives On
Editor: As a leader of Akin Gump's worldwide pro bono practice for the past five years, what is the most memorable of all the pro bono cases undertaken by the firm? Schulman: I would have say it's one we are working on right now - so it's not yet really "memorable"! This...
Read MoreRegulatory & Compliance
Whistleblowing - A Better Way To Separate Credible Tips?
Editor: Please comment on how the new rules for whistleblowers differ from the SEC's current whistleblower program. Hsu: In July 2010, the Dodd-Frank Act added Section 21F to the Securities Exchange Act of 1934. This new section requires the SEC, pursuant to such rules as it adopts, to pay...
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