ISS Issues Draft Voting Policy Changes

ISS recently released for comment draft voting policies for the 2016 proxy season. Two key policy proposals for U.S. public companies aim to address director “over-boarding” and unilateral board actions.  

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Evolving Practice For Earnings Announcements

Last month, Goldman Sachs released their quarterly earnings report exclusively through their Twitter account and company website, rather than by press release through an established newswire. While a Twitter release may make sense for a company as widely followed as Goldman Sachs, it may not be a good choice for most public companies.  

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SEC Charges Market Manipulation For False Tweets

While some companies have recently used social media for the release of material news, caution may be warranted for a medium that is vulnerable to abuse. The SEC recently announced market manipulation charges arising from false tweets that affected the stocks of two companies.  

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Audit Committee Disclosure Becoming More Transparent

The Center for Audit Quality recently reviewed public company proxy statements for the robustness of disclosure concerning the audit committee’s oversight activities. The report found an increase in voluntary, enhanced disclosure relating to the audit committee’s oversight of the external auditor.  

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The Ticker shares recent developments in SEC compliance, capital markets, corporate governance, executive compensation and other matters important to public companies and their officers and directors.  It is published by Fredrikson & Byron’s Public Companies Group.’