It was huge news last month when the SEC launched a narrow probe of 10b5-1 programs, specifically the ability of some company executives to use these common programs to fortuitously time their insider trades.
The SEC in January approved final rules proposed by the NYSE and Nasdaq in response to the SEC implementation of Section 952 of Dodd-Frank, which addressed the need for more independent compensation committees across the corporate landscape.
Compensation issues have exploded as a proxy issue, thanks in part to Dodd-Frank, which put "say on pay" up for a vote by most nonacclerated filers.
Corporate governance remains a huge issue, especially in the wake of reforms that have given dissident shareholders more opportunities to voice their opinions on compensation and other issues and even promote their own director candidates.
Not too long ago, the Dodd-Frank provisions about the corporate proxy process seemed radically far-reaching.
The SEC was dealt a massive setback in July when a federal appellate court struck down the vaunted proxy access rule that was passed as part of the landmark Dodd-Frank financial reform package. How...