Kara MacCullough
Holland & Knight LLP
Articles
Negative "say-on-pay" advisory votes continue; derivative suits filed for other companies that received "negative" votes
USA - May 2 2011 Three additional companies have failed to obtain majority support in their say-on-pay votes: Umpqua Holdings Corporation, Stanley Black & Decker, Inc. and Navigant Consulting....
XBRL not required for foreign private issuers that use IFRS until SEC specifies taxonomy
USA - May 2 2011 On April 8, 2011, the staff of the Division of Corporation Finance and the Office of the Chief Accountant at the SEC issued a no-action letter stating that foreign private issuers that prepare their financial statements in accordance with International Financial Reporting Standards (IFRS) are not required to submit eXtensible Business Reporting Language (XBRL) to the SEC and post XBRL on their corporate websites, if any, until the SEC specifies on its website a taxonomy for use by such foreign private issuers in preparing their XBRL....
SEC seeks public comment on effective investor education programs
USA - May 2 2011 On April 19, 2011, the SEC published on its website a request for public comment on the effectiveness of existing investor education efforts as part of a review mandated by Dodd-Frank....
SEC charges corporate attorney and Wall Street trader in $32 million insider trading ring
USA - May 2 2011 On April 6, 2011, the SEC charged a corporate attorney and a Wall Street trader with insider trading in advance of at least 11 merger and acquisition announcements between April 2006 and March 2011 involving clients of the law firm where the attorney worked....
SEC releases study on Section 404(b) as required by Dodd-Frank
USA - May 2 2011 The SEC released a study regarding compliance with Section 404(b) of the Sarbanes-Oxley Act of 2002, as required by Dodd-Frank....
