On March 30, 2011, the U.K. Ministry of Justice (MOJ) announced that the
U.K. Bribery Act 2010 will be in force as ofJuly 1, 2011. Secretary of State for Justice Kenneth Clarke simultaneously published guidance about procedures that relevant commercial organisations can put in place to prevent associated persons from paying bribes – the so-called adequate procedures guidance (the MOJ Guidance). http://bdti.mastertree.jp/f/9wq8mo7c
Author: Admin
Dodd-Frank: Financial Companies’ Bankruptcy Contingency Plans
Federal regulators have proposed a rule that, if adopted, will require all systemically important financial companies to develop comprehensive contingency plans for the orderly resolution of their affairs under the United States Bankruptcy Code. http://bdti.mastertree.jp/f/mvlozxga
SEC Proposes Rules on Comp. Committees, Advisors
The SEC has proposed rules regarding compensation committees and their use of advisors. A summary by Skadden is in the data library at http://bdti.mastertree.jp/f/0uhkbpvr
Seriously, Corporate Governance? — Too Serious to Ignore
Good corporate governance should be a part of continuing professional education for senior managers and board members everywhere. Corporate governance is a fascinating topic, but is often misunderstood by the public; sometimes it gets confused with discussions of corporate control or hostile takeovers.
Recent Entries Related to Corporate/Securities Law
(Titles and key linksonly. For full contents, see entriesbelow.)
SEC Announces Roundtable to Discuss Potential Use of IFRS in Financial Reporting
The Meaning of Murakami and Horie
Company Law Proposal: Constraining Self Interest http://bdti.mastertree.jp/f/uiw6ncko
Why Are Outside Directors Appointed? Do They Improve Corporate Performance?
Company Law Proposal: Constraining Self-Interest
The Legal System Advisory Council has been discussing amendment of the Company Law for almost a year now but there have been precious few significant, concrete proposals put forth by the private sector. So, I have recently made one.
“Acquiring a U.S. Public Company for Cash: Mergers vs. Tender Offers”
We have received these convenient and short summaries about the different methods for acquiringU.S. public companies for cash from Shearman & Sterling. Simple but pertinent for Japanese companies.
11 Key Issues for Boards to Consider in 2011
The Center for Corporate Governance at Deloitte has produced this useful guide for key issues that Boards may want to focus on in 2011 and beyond. Some of them are obvious in a sense, but even if so most are good food for thought, especially things like:
Increased Disclosure About Executive Compensation in Canada
There's lots of focus on increased disclosure about executive compensation in the U.S. , UK and Japan, but we thoughtthese perspectives from Canada might be useful.