As discussed in this prior post, the Dodd-Frank Wall Street Reform and Consumer Protection Act requires that companies include in their proxy statements not less frequently than every six years "a separate resolution subject to shareholder vote to...
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In prior posts I mentioned several California oddities with respect to the often confused concepts of choice of law, choice of forum and choice of venue. For those who simply can't get enough of the subject, I recommend reading Julie Bisceglia's ...
In 1987, the California Public Employees Retirement System (CalPERS) initiated its "Focus List" program. Under this program, CalPERS identifies companies to a preliminary list. CalPERS then contacts these companies for the purpose of "encouraging"...
The California Public Employees Retirement System (CalPERS) and the California State Teachers Retirement System (CalSTRS) have teamed up on an initiative called the Diverse Director Database (3D Program). According to CalPERS, the 3D Program is...
The California Fair Political Practices Commission (FPPC) is charged with regulation of, among other things, lobbyist registration and reporting. As discussed in several earlier posts, AB 1743 (Hernandez) amends the definition of "lobbyist" in...
Last month, I asked the California Attorney General's office for information concerning utilization of the whistleblower hotline mandated by Labor Code § 1102.7. Below are the data provided to me:
While the executive compensation votes mandated by the Dodd-Frank Act are just advisory, they do have the potential for significant impact. With the popularity of majority vote requirements in uncontested elections, incumbent directors may face...
In this recent post, I wrote about California's employee whistleblower legislation. California Labor Code § 1102.7 requires the California Attorney General to maintain a whistleblower hotline to receive calls from persons who have information...
The Department of Corporations has completed its rulemaking package for a proposed rule that would establish a non-exclusive safe harbor from California's broker-dealer registration requirement for associated persons of an issuer. The new rule would...
