New England Biz Law Update

The Securities and Exchange Commission last November proposed a road map leading to the possible mandatory adoption of International Financial Reporting Standards (or IFRS) for all reporting U.S. issuers. Not many things could be more revolutionary than a complete revision ...

The Foreign Corrupt Practices Act, adopted in 1977, prohibits U.S. companies (public or private) from bribing foreign government officials to obtain business. The U.S. Securities and Exchange Commission has civil enforcement powers with which to punish both the act of ...

“She never gives in. She just changes her mind.” – Billy Joel The specter of over-regulation, onerous reporting requirements, and the implementation of Sarbanes Oxley, including SOX Section 404 (concerning internal financial controls), have often been cited as inducing flight ...

I have avoided the subject of executive compensation since writing two articles in this space in 2006, primarily because so much has been written about it elsewhere. But it is hard to avoid a six-ton gorilla, while looking for another, ...

The Securities and Exchange Commission on Feb. 25 adopted new rules to facilitate the operation of electronic shareholder forums for publicly held companies. This development is just one of many changes the SEC has undertaken to conform its regulatory philosophy ...

XBRL is coming. It is not expensive. It will improve governance. It will increase transparency. It is endorsed by the Securities and Exchange Commission. Is there anything familiar about this picture? Does this sound something like the original take on ...

On Nov. 15, the Securities and Exchange Commission adopted final amendments to Rule 144, consistent with its original proposals concerning holding periods and manner of sale. Thus, the SEC has renewed its march towards continuous registration based on full 1934 ...

In the wake of the new Guidance issued by the Securities and Exchange Commission and the PCAOB’s new Auditing Standard No. 5, there has been much debate as to whether these changes provide useful guidance, will result in cost savings, ...

As reported in the July issue of New England In-House, the Securities and Exchange Commission and PCAOB in June approved a new guidance designed to improve company and auditor assessments of the effectiveness of internal controls over financial reporting under ...

Last year the Security and Exchange Commission’s Advisory Committee on Smaller Public Companies proposed sweeping changes in two areas – SOX 404 and capital formation. Who would have guessed that the capital formation proposals would end up as the revolutionary ...