Insights: The Corporate & Securities Law Advisor articles from July 2002

Insights: The Corporate & Securities Law Advisor archives from July 2002

Directors beware: statutory D&O indemnification obligations do not include fees on fees.(directors and officers insurance)(Baker v. Health Management Systems, Inc.)(New York)
July 1, 2002... The New York Court of Appeals in Baker v. Health Management Systems, Inc., (1) recently addressed an important corporate governance issue: Whether a director or officer entitled to indemnification of attorney fees incurred in defending a...

The new equity compensation disclosure rules, or "show me the options".(executive compensation)
July 1, 2002... The SEC has put new rules in place requiring the disclosure of both shareholder and non-shareholder approved equity compensation plans. In addition, the Nasdaq and NYSE are considering expanded shareholder approval requirements for equity...

The new anti-money laundering responsibilities of broker-dealers.
July 1, 2002... The USA PATRIOT Act imposes significant antimoney laundering obligations on all US-registered broker-dealers. Many of the Act's provisions are already in effect--more are yet to come. Broker-dealers must actively monitor and adjust to this...

Delaware court says don't mess with the vote .
July 1, 2002... A recent Delaware Chancery Court decision in the Quanta Services proxy right illustrates that Delaware courts will look very carefully at management attempts in proxy contests to issue shares likely to be voted for management and against an...

Remarks before the Rocky Mountain Securities Conference. (lessons of Enron scandal)
July 1, 2002... [M]y move to the SEC, from an extremely fulfilling and exciting practice, was motivated at least in part by a belief that the regulation of our capital markets can be updated and improved. I thought then, and I think today, even after the...