Mine control: the SEC approves final rules on disclosure of conflict minerals and resource extract... *

USA - September 6 2012
On August 22, 2012, the Securities and Exchange Commission (the “SEC”) issued final rules (the “Rules”) requiring (i) disclosure of whether products manufactured or contracted to be manufactured by public companies contain “conflict minerals” that originated in the Democratic Republic of the Congo (“DRC”) or an adjoining country (the “Covered Countries”), and (ii) disclosure by resource extraction issuers of payments made to the U.S. federal or a foreign government for the purpose of the commercial development of oil, natural gas or minerals pursuant to Sections 1502 and 1504, respectively, of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd- Frank Act”).

Co-authors: Stephen M. Woodcock, Tamara T. McClatchey , Elaine Wolff, William L. Tolbert, Jerry J. Burgdoerfer.

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Independents’ day: the SEC approves final rules regarding compensation committees *

USA - June 22 2012
On June 20, 2012, the Securities and Exchange Commission (the “SEC”) issued final rules (the “Rules”) affecting compensation committee independence and disclosure of compensation consultant conflicts under Section 952 of the Dodd- Frank Wall Street Reform and Consumer Protection Act of 2010.

Co-authors: Elaine Wolff, William L. Tolbert, Matthew J. Renaud, Jerry J. Burgdoerfer, Eugene R. Hsia.

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Reversing regulatory course: JOBS Act will ease capital formation and reduce regulations on new and private companies *

USA - March 28 2012
On March 27, 2012, the U.S. House of Representatives approved the U.S. Senate version of the Jumpstart Our Business Startups Act or “JOBS Act”.

Co-authors: Jeffrey R. Shuman, Elaine Wolff, William L. Tolbert, Jerry J. Burgdoerfer.

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New considerations in mandatory and permissive indemnification under Delaware law: an analysis of Hermelin v. K-V Pharmaceutical Company *

USA - February 27 2012
On February 7, 2012, the Delaware Chancery Court (the “Court”) decided Hermelin v. K-V Pharmaceutical Company.

Co-authors: Jerry J. Burgdoerfer, Eugene R. Hsia.

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The SEC proposes enhanced executive compensation reporting for broker-dealers and investment advisers and eliminating references to credit ratings under the Investment Company Act *

USA - March 9 2011
On March 2, 2011, the Securities and Exchange Commission ("SEC") proposed executive compensation rules primarily affecting broker-dealers and investment advisers ("Proposed Compensation Rules") and credit rating rules primarily affecting money market funds and companies that register their securities under the Investment Company Act of 1940 ("Proposed Credit Rules").

Co-authors: Elaine Wolff, William L. Tolbert.

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