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Skadden Discusses New SEC Pay-Versus-Performance Compliance & Disclosure Interpretations

Reynolds Holding

On November 21, 2023, the staff of the Securities and Exchange Commission’s (SEC’s) Division of Corporation Finance issued eight new Compliance & Disclosure Interpretations (C&DIs), and revised two previously issued C&DIs, relating to the final pay-versus-performance (PVP) disclosure rules adopted last year. Answer: No.

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Davis Polk Discusses Dodd-Frank Clawback Rules’ Application to Subsidiary Issuers, Guarantors

Reynolds Holding

Application to Subsidiaries A subsidiary of a public company (including an operating company or finance subsidiary) can itself be the issuer of debt securities or a guarantor of debt securities issued by its parent company. We include a sample resolution that could be adapted for this purpose as an Annex to this client update.

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Davis Polk Discusses NYSE and Nasdaq Clawback Rule Proposal

Reynolds Holding

If the Effective Date is November 28, 2023, then the deadline to comply will be January 27, 2024. Financial reporting measures also include stock price and total shareholder return (TSR). 3 Example : If the restatement is required in 2027, then the clawback would apply to compensation received in 2024, 2025 and 2026.A

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Cooley’s 2023 Activism Year in Review: Wolfpacks at the Gate

Cooley M&A

As we look ahead to the 2024 proxy season (and beyond), let’s review the key 2023 trends and developments from activism playbooks, with a sharp focus on the ever-changing landscape in the technology and healthcare sectors. Momentum building for 2024? 4] Activists won 134 board seats globally in 2023, a 30% increase from 2022.

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Weekly Roundup: August 2-8, 2024

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, August 9, 2024 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of August 2-8, 2024 Chancery Finds 26.7% Kaplan and Kedrick Glinski, Sidley Austin LLP, on Sunday, August 4, 2024 Tags: Brown v.