Could Texas’s recently enacted law SB 29 shape the contours of corporate law?
SEC Reg S-K Item 402
Chair Atkins announces that filer disclosure requirements outside financial statements should be changed to create a clearer separation between material and immaterial information.
The SEC said the company understated the “All Other Compensation” portion of its CEO’s compensation by an average of 94 percent over three fiscal years.
SEC settles charges against Stanley Black & Decker for failing to disclose perks it provided certain executives, but imposes no money penalty.
Recent events make it clear that senior executives need to be aware of corporate culture and are required to take action if this becomes inappropriate.