SEC’s Division of Corporation Finance issues interpretive guidance related to cybersecurity disclosures *

USA - October 20 2011
On October 13, 2011, the Staff of the Security and Exchange Commission’s (SEC) Division of Corporation Finance issued guidance1 (the “Cybersecurity Guidance” or “Guidance”) regarding its views on disclosure obligations relating to cybersecurity risks and cyber incidents.

Co-authors: Charles R. Yates III, Paul G. Martino.

SEC will not appeal proxy access decision; Rule 14a-8 amendments on private ordering to become effective *

USA - September 8 2011
Late Tuesday, September 6, 2011, the Securities and Exchange Commission (SEC) Chairman Mary L. Shapiro issued a statement that the SEC would not seek a rehearing of the decision by the United States Court of Appeals for the District of Columbia Circuit vacating the SEC’s recently adopted Rule 14a-11 and related amendments and would not seek Supreme Court review.

Co-authors: Carol McGee, David E Brown.