Gouvernance d’entreprise / « Disclosure »

Le département Corporate du cabinet assiste entreprises publiques et privées, conseils d’administration et leurs comités spéciaux, ainsi que des investisseurs sur des questions relatives à la gouvernance d’entreprise.  Nous conseillons également des conseils d’administration, des actionnaires et des dirigeants d’entreprise quant à leurs obligations fiduciaires lors de transactions très variées.

Nous représentons nos clients lors d’émissions de titres et nous assurons qu’ils respectent les règles du NYSE, du NASDAQ, de la SEC (Securities Exchange Act de 1934, Dodd Frank Wall Street Reform Act et Sarbanes-Oxley Act) ainsi que d’autres obligations d’information plus informelles et les aidons dans la gestion des relations avec leurs investisseurs lors de telles émissions.  Nous recommandons à nos clients les « best practices » à adopter quant à la composition et l’indépendance du conseil d’administration, la structure du comité d’audit, la gestion des risques, la rémunération des dirigeants, et d’autres questions de gouvernance.

Enfin, nous conseillons également nos clients, entreprises publiques et privées et sociétés à but non-lucratif, sur la structure à adopter pour leur entité, les questions relatives à leurs obligations fiduciaires, les délits d’initiés, ainsi que la formation et la conduite des comités spéciaux.

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In this article, Bonnie J Roe notes the impact of Reg A+ in the three years after the SEC's revised framwork rules took effect. 

Partner Bonnie J Roe explores how Regulation A may be the best alternative for conducting an Initial Coin Offering in her latest article for Bloomberg BNA

C&G partner Bonnie J Roe discusses the SEC’s response to the Tax Cuts and Jobs Act  and its impact on public company reporting in this C&G Alert. 

Over the past few years, forum selection bylaws have become an established part of corporate governance. This trend has gained momentum during the past few months as such provisions have gained both judicial and legislative support. On the judicial side, most courts have enforced such bylaws. And, on the legislative side, recent amendments to Delaware law now provide statutory support for some uses of forum selection bylaws. This update provides more detail on these key developments and explores how companies should think about forum selection bylaws going forward.

Much of modern corporate governance law turns on the roles of independent directors, but determining who is an independent director is often a complicated task, with separate state law, regulatory, and exchange standards that have evolved over time.  This article looks at key recent developments and provides a field guide for general counsel trying to understand what independence really means.

The proxy and annual reporting season is upon us and, as with other things, it is best to be prepared. Here are some thoughts for publicly traded companies to carry through the season and help plan for the remainder of the year

On December 11, 2013, the public comment period will close on two new auditing standards proposed by the Public Company Accounting Oversight Board (PCAOB) to improve the informational value of the auditor’s report. These proposed standards, if adopted, would change the role of auditors and expand the scope of the auditor’s report.

As we have previously noted, exclusive forum bylaws potentially offer protection from the risks of multi-jurisdictional litigation.  Recent developments include the withdrawal of an appeal from a Delaware Court of Chancery decision that found such bylaws facially valid and additional feedback from proxy advisory firms.  This alert provides an overview of questions that remain unresolved and provides guidance to companies and stockholders considering exclusive forum bylaws.

Examining the Dodd-Frank and US Foreign Corrupt Practices Acts  and ways in which companies can institute and augment compliance programs to mitigate the risks they pose.

Offering insight to multinational corporations in terms of navigating within, among, and between the different policies and agendas of antitrust regimes around the world.

Partner Bonnie J Roe will be on a panel addressing Regulation A at the “Private Placements and Hybrid Securities Offerings 2019” program hosted by the Practising Law Institute. 

Partner Bonnie J Roe will speak on a panel entitled “Going (to the) Public” at the ABA Business Law Section Annual Meeting 2018 in Austin, Texas on September 14. 

Muriel Goldberg-Darmon participated in the “Activists Funds: Opportunity or Threat for the Economy” roundtable at the conference on Activists Funds and Governance organized by the Paris-Dauphine University on June 26th, 2018. The panelists were:  Hubert de Vauplanne, Partner at Kramer Levin, Edouard Dubois, Vice-President at Blackrock, Philippe Leroy, President at Associés en Finance, Ahmed Guenaoui, Administrateur civil at Direction générale du Trésor,  Laurence Boisseau, Journalist at Les Echos, Colette Neuville, President at ADAM (Minority Shareholders Defence Association), Anne-Sophie d’Andlau, Co-Founder and Managing Partner at CIAM,  and Muriel Goldberg-Darmon, Partner at Cohen & Gresser. The roundtable was moderated by Sophie Schiller, Professor at Paris-Dauphine.

Please also find a link to the September 6, 2018 issue of the magazine, La Semaine Juridique, in which a transcription of Muriel's presentation, "Fonds activistes : opportunité ou menace pour l’économie ?" is featured on page 42. 

Bonnie J Roe presented at The Reg A Conference by DealFlow Events on "Will Regulation A find its niche?"

This course will examine the legal and practical foundations of good corporate governance for privately held companies, particularly younger growth companies, or start-ups, and companies backed by venture capital or private equity investors. 

This panel will discuss recent trends in compliance and enforcement, including 10b5-1 plans, hedging and pledging, and case law developments. 

The panel will address best practices for corporate counsel assisting boards of directors in fulfilling their corporate governance responsibilities, including the various ethical issues that may arise in evaluating an acquisition, conducting an internal investigation or other situations.