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31 May 2024, 3:00 am by Jim Sedor
The decision reinstated a lawsuit the NRA filed against New York state’s top financial services regulator, Maria Vullo, after she announced a plan to pressure banks and insurance companies to stop doing business with the organization. [read post]
30 May 2024, 12:35 pm by Eugene Volokh
" Minutes from a subsequent board of directors' meeting reveal that Lloyd's thought "the DFS investigation had transformed the gun issue into 'a regulatory, legal[,] and compliance matter.'" That reaction is consistent with Lloyd's public announcement that it had directed its syndicates to "terminate all insurance related to the NRA and not to provide any insurance to the NRA in the future. [read post]
29 May 2024, 9:05 pm by renholding
I rely on the term “debt governance” to denote (i) the influence of debtholders on the firm when it is not in financial distress (e.g., cost of finance, directors’ incentives, the firm’s flexibility to operate, etc.) [read post]
29 May 2024, 4:58 pm by Steve Bainbridge
Moelis & Co. is a publicly traded investment bank.[2] Ken Moelis is the firm’s founder, CEO, and Chairman of the Board.[3] Prior to Moelis & Co. [read post]
27 May 2024, 5:45 am by Norman L. Eisen
“Apart from his work for President Trump and the Trump companies, he cheated on his taxes, he lied to banks, he lied about side businesses he had with taxi medallions” (Blanche: 4/22 Transcript at 900). [read post]
24 May 2024, 3:00 am by Jim Sedor
National/Federal With Debate Deal, Trump and Biden Sideline a Storied Campaign Institution DNyuz – Adam Nagourney (New York Times) | Published: 5/16/2024 The agreement by President Biden and Donald Trump to move ahead with two presidential debates, and sideline the Commission on Presidential Debates, is a debilitating and potentially fatal blow to an institution that had once been a major arbiter in presidential politics. [read post]
22 May 2024, 11:15 pm by Public Employment Law Press
In addition, he served on a number of volunteer boards including as Chairman of Manhattan Community Board 11 and as a member of the Board of Directors of the Upper Manhattan Empowerment Zone. [read post]
22 May 2024, 11:15 pm by Public Employment Law Press
In addition, he served on a number of volunteer boards including as Chairman of Manhattan Community Board 11 and as a member of the Board of Directors of the Upper Manhattan Empowerment Zone. [read post]
While the rules and guidance focus on banks, the materials are relevant to insurers and superannuation providers as they prepare for the commencement of the FAR in March 2025. [read post]
19 May 2024, 9:05 pm by The Regulatory Review
The current board members of The Regulatory Review extend our best wishes and congratulations to all the 2024 graduates who have served as members of The Review’s staff, especially to members of the 2023-2024 editorial board. [read post]
17 May 2024, 12:29 pm by Matthew Dochnal
For example, LLCs do not need to appoint a Board of Directors or hold Annual Meetings. [read post]
17 May 2024, 3:00 am by Jim Sedor
He and his wife have now been criminally charged for accepting at least $598,000 over from a Mexican bank and an oil company owned by the Azerbaijani government. [read post]
16 May 2024, 9:22 am by Anita Edwards and Simon Lovegrove (UK)
The letters are addressed to the CEOs or Directors of:  Retail banking firms Life insurance firms Consumer finance firms Consumer investment firms Asset management firms All other firms The letters set out: The application of the Duty to closed products and services. [read post]
14 May 2024, 6:32 am
In this post we examine risk oversight and board composition gaps at SVB, and compensation practices at all three banks, in discussing how the prominent failures of these three mid-sized financial institutions emphasize the importance and impact of corporate governance practices and disclosures. [read post]
14 May 2024, 6:32 am
In this post we examine risk oversight and board composition gaps at SVB, and compensation practices at all three banks, in discussing how the prominent failures of these three mid-sized financial institutions emphasize the importance and impact of corporate governance practices and disclosures. [read post]
13 May 2024, 6:41 am by Dan Bressler
The winning submission examines the legal risk implications at companies where the Chief Legal Officer (CLO) is also the Corporate Secretary, showing that the upside impact is significant, especially when combined with an independent board of directors. [read post]
13 May 2024, 3:25 am by David Lynn
New requirements would apply to board of director and compensation committee oversight and approvals. [read post]
10 May 2024, 6:45 am by Evangelina Cantu
The California Air Resources Board provides an interactive map showing which states have adopted some or all of California’s standards. [read post]