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So, many observers around the world seem to think that U.S. Investor'Say on Pay' Is a Bust, which is thetitle of this article in Business Week:
– which makes the perfectly logical and factual point that after all the hoopla, The bottom line: Shareholders this year for the first time could vote on executive pay. A majority voted against pay plans at only 32 of 1,998 companies.
May 25, 2011 – In a meeting open to the public, the SEC approved its final rules implementing the whistleblower provisions in Section 922 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Here are the final rules, which mandate the payment of large incentive rewards to whistleblowers.
Soft Law and the State-Market Relationship at the University of Tokyo, a Global COE Program, publishes the UT Soft Law Review. All full text articles on the recent issue of M&As and the Law is available at its project site:
http://www.gcoe.j.u-tokyo.ac.jp/en/publications/UTsoftlaw3.pdf
Market for Corporate Control in Japan by Kenichi Osugi
Hostile takeovers and Defenses – Implications from Delaware Law UT Soft Law Review, No. 2 is available at the following URL:
http://www.gcoe.j.u-tokyo.ac.jp/en/publications/UTsoftlaw2.pdf
On June 13, in a 5-4 decision, the U.S. Supreme Court narrowed the circumstances under which a defendant can be held liable in a private action under Rule 10b-5 for “making” a false or misleading statement. The decision held that an investment adviser did not “make” statements contained in prospectuses of the adviser’s mutual fund clients, even though the adviser may have assisted the mutual funds in preparing the statements.
From ACGA's web site: In mid-April, ACGA submitted our response to the December 17, 2010 Hong Kong Exchanges and Clearing Limited (HKEx) consultation paper on proposed changes to the Code on Corporate Governance Practices and certain Listing Rules related to corporate governance.
ACGA analysed and offered responses on nine issues:
Professor Curtis Milhaupt has submitted two fascinating papers to BDTI,oneof which may present guidance for Japan:
The Evolution of Hostile Takeover Reigimes in Developed and Emerging Markets
http://bdti.mastertree.jp/f/x3kuo5ry
Economically Benevolent Dictators: Lessons for Developing Economies
These timely documents were uploaded to our Data Libary.
Evaluating the Tone at the Top: Practical Suggestions for Auidt Committees http://bdti.mastertree.jp/f/w0tn1fd5
Is Fair Value Changing? FASB and IASB Issue Substantially Converged Requirements for Fair Value Measurement and Disclosure http://bdti.mastertree.jp/f/owi5j69x
The recent publications from Paul Hastingswere uploaded to ourData Library.
UK Securities Law Update Q1 2011 http://bdti.mastertree.jp/f/yvrpd9ib
Delaware Chancery Court Rules that a Reverse Triangular Merger May Constitue an Assignment by Operation of Law http://bdti.mastertree.jp/f/ua3c012w
This report released by The Bureau of National Affairs, Inc. is available at: http://www.skadden.com/content/Publications/Publications2397_0.pdf