Akin Gump corporate partner Courtney York has been featured in the Corporate Counsel Business Journal on leadership, professional growth and her experience in the technology media and telecom (TMT) space. Courtney’s practice is focused heavily on mergers and acquisitions and related transactional work for TMT clients. To read the full article, please click here.
This week we highlight a report by ACCA on the difference one year makes in auditor reporting standards since the IAASB’s changes. The analysis looks across the implementation of the new standards in eleven countries and draws upon a detailed analysis of 560 new-style audit reports and feedback from roundtables, at which stakeholders gave their perspectives on the new reports.
This week we highlight a report by BDO’s Center for Corporate Governance and Financial Reporting on a variety of topics that corporate management and boards of directors should be prepared to address in connection with their 2018 annual meetings. The main issues include the impact of efforts by the current administration regarding taxes and deregulation, as well as corporate accountability and compliance concerns.
Akin Gump has issued an alert on SEC guidance regarding disclosure of material cybersecurity risks and incidents to investors, comprehensive policies and procedures related to cybersecurity risks and insider trading policies of public companies that should address and protect against misuse of nonpublic information related to cybersecurity risks.
Click here to read the full alert.
Boards are increasingly confronted with the possibility of wrongdoing implicating the company or its employees. These situations can come to the attention of the board in a number of ways, including from private-party lawsuits, internal audits, whistle-blower tips and governmental inquiries.
After an uptick in activist campaigns in the last couple of years, followed by a recent minor plateauing, shareholder activism has entrenched itself in the modern climate of corporate governance. In particular, shareholder activists have entered industries that, until recently, have generally steered clear of such investors. One such industry is the energy sector, which has, until very recent times, often avoided prominent campaigns as a result of commodity price volatility.
One of the primary functions of a board of directors is to enhance shareholder value. Advocates argue and studies show that companies with greater board diversity outperform those companies with less diversity. This is one of the reasons that board composition (and, in particular, gender, race and ethnic diversity) is a topic of increasing focus among corporate governance groups, investors, and regulators in both the U.S. and Europe.
Akin Gump recently covered two important rulings made in Delaware courts in December that provide critical guidance to corporations and their boards. On December 14, 2007, the Delaware Supreme Court issued its opinion in Dell, Inc. v. Magnetar Global Event Driven Master Fund, Ltd., Case No. 565, 2016, the latest in a series of noteworthy “appraisal arbitrage” cases that made their way through Delaware Chancery Courts in 2017. For the second time in 2017, the court reversed a Chancery Court’s decision to assign little or no weight to deal price in appraisal cases, leaving some confusion as to whether or not deal price should be the default standard absent mitigating factors. Learn more by reading the client alert here.