SEC Will Consider Definition of “Venture Capital Fund” This Week
Section 407 of the Dodd-Frank Wall Street Reform and Consumer Protection Act requires the Securities and Exchange Commission to issue rules defining “venture capital fund”. As discussed in this earlier post, the definition is needed to implement the Dodd-Frank Act’s new Investment Advisers Act exemption for investment advisers solely to one or more venture capital funds. Doug Cornelius at Compliance Building writes that the SEC Read more...
CalPERS Announces Private Engagement In Lieu of Name and Shame
On Monday, the California Public Employees Retirement System issued this press release stating that it has “adopted a new strategy for engaging underperforming public stock companies through private contacts and proxy actions rather than by posting a public ‘name-and-shame’ Focus List.” The new program has been dubbed the “Shareowner/Corporate Engagement Program”.
