The California Attorney General's office recently sent letters to retailers and manufacturers asking them to demonstrate compliance with the California Transparency in Supply Chains Act or why they are not subject to the act. I first wrote about the...
Recent Posts
In a recently published paper, Colleen Honigsberg, Sharon P. Katz, and Gil Sadka examine the relationship between debt contracts and state law. Perhaps only Captain Renault will be shocked by their finding that "California represents the most...
The California General Corporation Law unequivocally authorizes the giving of notice of stockholder meetings by electronic transmission. Section 601(b) provides "Notice of a shareholders’ meeting or any report shall be given personally, by...
Yesterday's post concerned waivers of notice of shareholders' meetings under Section 602 of the California Corporations Code. Although not required to do so, corporate bylaws often parrot the statute. One popular guidebook, for example, includes the...
Like other states, California generally requires that whenever shareholders are required or permitted to take action at a meeting, notice of that meeting must be given to the shareholders entitled to vote. Cal. Corp. Code § 601(a) However, if notice...
When I served as California's Commissioner of Corporations, Internet commerce was just finding its legs and we were concerned about how to apply the Corporate Securities Law to this new technology. For state regulators, the challenge has been how to...
The following story is fiction. It was imagined following the SEC's recently settled action against KBR, Inc.
Recently, I've been reading about the Greek playwright Euripides. It is said that Socrates rarely attended plays, but never missed a play by Euripides. Technology has changed dramatically since the fifth century B.C.E., but it seems that some things...
It's easy to be annoyed by the SEC's failure to comply with clear statutory mandates. However, not everyone is longanimous. Oxfam America, for example, has moved beyond irritation to litigation. See Oxfam America Sues The SEC (Again) For Dilatory...
