CalPERS’ 3D Advisory Committee May Be Appointed Soon

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...

FPPC Proposes Rule Amendment To Implement Placement Agent Legislation

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"...

"And What They Will Inform. . .That Will The King Severely Prosecute"

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:

Advisory Votes On Executive Compensation May Have Teeth

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...

Dropping a Dime in California

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...

DOC Broker-Dealer Rule Is On Its Way

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...

Can Parties Choose Venue in California?

In prior posts, I discussed two unusual California statutes relating to choice-of-law and choice-of-forum provisions in agreements.  Choice-of-forum provisions are often confused with choice-of-venue provisions.  A choice of forum relates to the...

California's Whistleblower Hotline

Yesterday, the Securities and Exchange Commission proposed rules for implementing the whistleblower provisions of the Dodd-Frank Act.  That act established a whistleblower program that requires the SEC to pay a bounty to eligible whistleblowers who...

California's Million Dollar Contract Statute

Here's a common "Governing Law" provision: