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13 Apr 2022, 3:15 am by Liz Dunshee
., supportive of a D&O cooling-off period – but unaware of empirical evidence suggesting abuse in the context of share repurchases that would justify the additional costs imposed by proposed restrictions on issuer trades – Dorsey & Whitney – raising questions & potential resolutions with respect to the operation of open market employee stock purchase plans – Liz Dunshee [read post]
13 Apr 2022, 3:00 am by Liz Dunshee
A number of prominent law firms & corporations have weighed in, as well as: – The Society for Corporate Governance – raising concerns about the proposal’s requirements for daily disclosure and operational information about buyback programs and about the impact on investor returns, liquidity & capital formation – Senators Marco Rubio (R-FL) & Tammy Baldwin (D-WI) – supporting the proposal & encouraging additional enhanced disclosures about alternative… [read post]