Watch the Video The California Public Employees Retirement System (CalPERS) and the California State Teachers Retirement System (CalSTRS) have teamed up on an initiative called the Diverse Director Database (3D Program). The United States Chamber of Commerce expressed its own concerns regarding the 3D program in this letter to the Securities and Exchange Commission. In
View the video Managers of venture capital funds have largely avoided registration as investment advisers. The Dodd-Frank Act has significantly changed the exemptions from federal registration and will cause California change its exemptions as well. This video discusses what may be in store for venture capital managers.
Watch the video In enacting the Dodd-Frank Act, Congress significantly altered the regulatory landscape for hedge fund advisers by eliminating (effective July 21, 2011) the fewer-than-fifteen client exemption from registration pursuant to Section 203(b)(3) of the Investment Advisers Act of 1940. At the same time, Congress increased the assets under management threshold for registration as an investment adviser
Watch the video The Dodd-Frank Act requires companies subject to the Securities and Exchange Commission’s proxy rules to hold advisory votes on executive compensation. In several prior posts, I’ve written about some of the specific issues and questions involved. In this video blog, I take a step back and speak more generally about the challenges
Watch the video A California fairness hearing can be a faster, cheaper alternative to federal registration under the Securities Act of 1933. Although fairness hearings can be used in a variety of situations, they are most often used by publicly traded companies using their own securities to acquire another company. According to the Department of Corporations, the approximate