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Major Changes in Store for Italian Boards

by Stefan Borghi A law that went into effect in Italy on April 27, 2012 is already having a wide-ranging effect on the corporate governance structure of Italian companies. Article 36 of Decree Law No. 201 of December 6, 2011, converted into Law No. 214/2011 entitled

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Dodd-Frank Rulemaking Timetable

By Paul Hodgson – CCO and Senior Research Associate Further to my blog last week on the delays in Dodd-Frank rulemaking, the SEC recently announced that it had a new timetable for its Dodd-Frank implementation. Here are the planned date ranges for implementation of all the governance and disclosure rules that have anything to do […]

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Colbert’s Knock Knock Joke is Funny Because It’s True….Unless

In their terrific op-ed in The Hill, Lisa Gilbert and Ciara Torres-Spelliscy quote Stephen Colbert's statement in front of the Federal Election Commission following his triumph in persuading them to approve his SuperPAC. "Knock knock!" he shouted out to the crowd. "Who's there?" they responded. “Unlimited union and corporate campaign contributions,” said Colbert. “Unlimited union and corporate campaign […]

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Proxy Season Foresight (from remarks for a BSR webinar 16 March)

Back in November 2009, I wrote this in a blog: Then, in May, Senator Charles Schumer introduced the Shareholder Bill of Rights Act of 2009 to the  U.S. Congress.  If the bill is passed, shareholders are going to have to come up with a whole new set of ideas for shareholder proposals as the bill […]

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Whistle-blowers “protection program”

James Kaplan, cofounder and chairman of Audit Integrity, now part of GovernanceMetrics International, recently published an article in Forbes applauding the Investor Protection Act’s compensation fund for whistle-blowers being expanded to $475 million. “Even without large financial incentives, over 90% of the SEC’s enforcement actions over the years have started with whistle-blower tips,” he notes. […]

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Financial Reform Moves Toward Enactment with Significant Governance Changes

Barney Frank, Chairman of the House Financial Services Committee, will be overseeing the final resolution of the financial reform bills that have passed the House and Senate, reconciling the provisions to present a final piece of legislation, the Restoring American Financial Stability Act of 2010, to the President to be signed into law.  Bankers who […]

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Motley Fool Testimony on Financial Reform Legislation

The wise Fools are always worth listening to and we were very pleased to read the testimony from Motley Fool co-founder Tom Gardner before the House Financial Service Subcommittee on Capital Markets, Insurance, and Government-Sponsored Enterprises, chaird by Representative Paul Kanjorski (D-Pa.).  The Motley Fool views poor corporate governance — regardless of its source — […]

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Obama throws weight behind governance reforms

It’s nice to have the president on your side. OK, it was the fourth key component of reform in President Obama's speech last Thursday, but it was in there. And markets rebounded when the contents of the speech became known, so it can’t have been anti-business, maybe just anti-Business Roundtable, which isn’t the same thing […]

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Corporate Governance Reforms in the Dodd Bill

White House Chief of Staff Rahm Emanuel said famously, “A crisis is a terrible thing to waste.” Regrettably, we are coming dangerously close to leaving the meltdown in our financial services markets blithely in the past with no significant reforms and few lessons learned. Senator Dodd’s Restoring American Financial Stability Act to be taken up […]

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Dodd’s Bill, Section 953: The Them and Us Clause

Ok, I don’t know that Section 953 of Dodd’s reform bill is definitely going to be called that, it’s just a guess. It could be called: “the envy clause”, or “the ‘how much more?’ clause”, or “the armor-plated glass ceiling clause”. “What is he on about?” I hear you asking. It’s the amendment – from […]

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Dodd’s Bill

Today, Sen. Christopher Dodd (D., Conn.) unveiled the new financial regulatory reform bill, titled “Restoring American Financial Stability Act of 2010”.The 1,300-page bill is said to be weaker than anticipated, but it still addresses many fundamental parts of the financial crisis, including corporate governance reform. There was some speculation that these governance provisions were on the […]

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