Public Chatter
Public Chatter
Public Chatter provides practical guidance—and the latest developments—to those grappling with public company securities law and corporate governance issues, through content developed from an in-house perspective.

Trap for the Unwary: Hart-Scott-Rodino Filing Requirements
Here's a tip from the sixth edition of our popular publication The Public Company Handbook, which is an easy-to-read guide that provides practical insights regarding legal and other board management issues facing public—or soon-to-be-public—companies.

State Street’s 2024 “Director Overboarding” Policy Might Cause Companies to Adopt Their Own
Just as companies with December 31st fiscal year-ends gear up for their annual shareholder meetings in the coming weeks, State Street has released its updated voting policies — and a helpful "Summary of Material Changes." I won't parse all of the changes here, but I thought their new policy on director overboarding — which is summarized in the Material Changes

What does the corporate secretary do?
Another in the newbies series: Most bylaws set forth the corporate secretary's powers and duties in the broadest terms possible. But what the corporate secretary actually does varies somewhat from company to company. Other departments might be responsible for particular duties at some companies that typically can be found within the corporate secretary's purview.

The Posting of Annual Meeting Transcripts
Some companies have their annual meetings transcribed. It's so easy to do today. It can be done in a jiffy by a dictation bot. But whether to make that transcript publicly available is a whole other question.

Reg FD & Annual Shareholder Meetings
Sometimes we get asked by clients: "Can you say things during an annual shareholder meeting without trigging a disclosure obligation under Regulation FD?"

COSO’s New “Internal Control Over Sustainability Reporting” Guidance
One of the biggest struggles for companies when they start out collecting the data they need for climate and other sustainability disclosures is developing the disclosure and internal controls necessary to help ensure the accuracy of that data. Unlike financial reporting, there is a lack of well-known, well-worn practices to help with the information's integrity.

In-House Corner: What Are “Best Practices,” Anyway?
In this blog feature, our in-house readers share tips, anecdotes, and thoughts about topics that arise in their daily practice.

To whom does the corporate secretary report?
Another in the newbie series: If the corporate secretary is also the general counsel —which is still fairly common, though becoming less so—they report to the CEO in most cases, but they probably also report functionally to the board chair or the lead independent director.

What is a “corporate secretary”?
Another in the newbie series: Unless you're in the field of corporate governance, you probably get the impression that a "corporate secretary" for a public company is an administrative assistant of some sort. Nothing could be further from the truth.

Audit Committee Financial Expert Casts a Wide Net
Here's a tip from the sixth edition of our popular publication The Public Company Handbook, which is an easy-to-read guide that provides practical insights regarding legal and other board management issues facing public—or soon-to-be-public—companies.

What is "corporate governance"?
I'm putting together a handbook for newbies in our field and I'll be rolling out some excerpts in this blog over time. Here's the first installment:

In-House Corner: How This Proxy Season Is Faring So Far
In this blog feature, our in-house readers share tips, anecdotes, and thoughts about topics that arise in their daily practice.

ISS Announces New “Board-Aligned” Voting Policies
Recently, ISS published new voting policies (the Global Board-Aligned U.S.

Mirror, Mirror on the Wall: Does Your Board Conduct a Self-Evaluation?
Here's a tip from the sixth edition of our popular publication The Public Company Handbook, which is an easy-to-read guide that provides practical insights regarding legal and other board management issues facing public—or soon-to-be-public—companies.
DOJ Announces Pilot Program and Updated Expectations on Corporate Compensation Programs
The DOJ has been busy and clawbacks have been a hot topic for the Biden Administration in the wake of several high profile bank failures. The intersection of these two topics is captured in this Update that we put out recently.