As I wrote in this early posting, California is ground zero for the venture capital industry. Many of our most succesful and innovative companies have been funded by the venture capital industry. Thus, it is good to see that Commissioner Preston...
Recent Posts
As a condition to qualification, the Commissioner of Corporations may impose a restriction on the subsequent transfer of the securities being qualified. Cal. Corp. Code § 25141. Rule 260.141.10 describes the general circumstances under which the...
In yesterday's post, I described how an approval voting system could be used to determine shareholder preferences. The Borda count system is another system that also could provide more accurate information about the consensus opinion of shareholders.
In this post last week, I wrote about the Dodd-Frank Act's requirement that companies subject to the SEC's proxy rules include in their proxy statements a resolution regarding the frequency of shareholder advisory votes on executive compensation. I...
Section 951 of the Dodd-Frank Act requires companies that are subject to the SEC's proxy rules to include in their proxy statements "a separate resolution subject to shareholder vote" to determine whether a shareholder vote on executive compensation...
The California Constitution (Art. IV, § 12(a)) requires the Governor to submit a budget to the legislature within the first 10 days of each calendar year. Newly elected Governor Jerry Brown did so on Monday.
California Corporations Code Section 25401 declares unlawful the sale or purchase of a security by means of a written or oral communication that includes an untrue statement of a material fact or omits to state a material fact necessary in order to...
The Commissioner of Corporations may issue desist and refrain orders under the Corporate Securities Law of 1968. Cal. Corp. Code § 25532. If the respondent wishes to contest the order, s/he must do so by filing a request for hearing within 30 days...
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