1. Fracking targeted by investors: A group of several dozen investors has filed shareholder resolutions with nine oil and gas companies demanding they disclose more information about how they plan to manage water pollution and the litigation and regulatory risks associated with the controversial practice of natural gas hydraulic fracturing.
2. SEC approves say on pay: The SEC has approved rules that give shareholders the right to an advisory vote on pay at annual meetings.
3. Love letter to a corporate secretary: It used to be I didn’t know you existed. Now I can’t stop thinking about you.
I yearned for you this morning when the SEC voted in the final rules for say on pay. Is this your governance issue? Is it my IR issue? My darling corporate secretary, I want SOP to be our issue.
4. Five lessons from the financial crisis: The same week that the Financial Crisis Inquiry Commission is casting blame on Wall Street excess, a panel of financial services IROs (and one from an online employment service) did their own soul-searching at an event hosted last night for NIRI-NY by BNY Mellon.
5. Whistleblower rules set alarm bells ringing: The SEC’s whistleblower provision, due to come into force in the first half of 2011, has raised concerns over the impact it will have on internal reporting systems.