On Jan. 13, McGuireWoods' SEC practice held an informative meeting regarding
updates on case law, proposals and other changes in the securities regulatory
environment. Topics included:
- An explanation of the SEC's recently adopted
changes to the proxy rules, which expand disclosures related to directors
and nominees, compensation consultants, the board’s leadership structure and
risk oversight role and the relationship of compensation policies and
practices to risk management.
LaTisha O. Chatman, Norfolk
- Discussion of the SEC civil action against
billionaire Raj Rajaratnam and his New York-based hedge fund advisory firm
Galleon Management LP.
Allison D. Charney, New York
- An overview of current legislative reform
proposals relating to securities.
Terry Haines and David H. Pankey, Washington, DC
- An introduction to the London AIM market.
Mehboob R. Dossa, London
David H. Pankey, SEC Practice Chair, moderated the meeting.