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Author Archives: Stephen M. Honig

SEC Looks To Eliminate Fraud In Trading Shares Of 'Shell' Corporations

All the Securities and Exchange Commission wants to do is eliminate a hotbed of fraud arising from trading shares of "shell corporations." You might think that such an admirable task would be universally endorsed. You would be wrong. "Shell" corporations ...

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Building A Board For The Pre-IPO Company

Companies are going public again (or talking about it), and the initial public offering can again be discussed, without embarrassment, in polite company. A business contemplating an IPO needs to address the composition of its board of directors well in ...

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The 2004 Proxy Season Takes Shape

In the October 2003 SEC Watch, I outlined proposed Securities and Exchange Commission amendments requiring proxy disclosure of nominating committee practices, and establishing procedures for shareholder communications with the board of directors. In November 2003, the SEC adopted the proposed ...

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