Corporate introspection in the nineties: "to thine own self be true."
Article Abstract:
Public companies should carefully consider what documents should be generated and the need for self-evaluations because of the general anti-corporate public attitude, which is reflected in federal law and courts. Corporations should assume that any document can become public information in a suit and use this assumption to control what documents are created. Therefore, while self-evaluations help the corporation prevent wrongdoing, privacy and confidentiality issues must be considered before any actions are taken.
Publication Name: Securities Regulation Law Journal
Subject: Law
ISSN: 0097-9554
Year: 1993
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Personal trading by portfolio managers revisited: the Institute's recommendations a year later
Article Abstract:
The Investment Company Institute's 1994 recommendations on voluntary restraints on portfolio managers' personal trading had been adopted by many mutual funds by 1995. A survey suggests the recommendations are base-line standards that will become standard industry practice. Companies departing from the recommendations could place themselves at risk so they should document reasons for modifying or rejecting the recommendations. Non-investment companies' advisers may also find the recommendations useful.
Publication Name: Annual Institute on Securities Regulation
Subject: Law
ISSN: 0195-5756
Year: 1995
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More than "classical GAAS": audits and corporate illegality under the Litigation Reform Act
Article Abstract:
The Private Securities Litigation Reform Act of 1995 changed the reporting standard for auditors. Under the act, they are required to use auditing procedures developed to discover illegal acts by their clients and, if the clients do not take remedial action, auditors are to report their findings directly to the SEC. These requirements are not part of generally accepted auditing standards. Steps auditors should take to handle these requirements are discussed.
Publication Name: Annual Institute on Securities Regulation
Subject: Law
ISSN: 0195-5756
Year: 1996
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- Abstracts: Contingent liabilities in section 351 transactions: the IRS limits the application of Holdcroft. Sidestepping the business purpose test for corporate spin-offs
- Abstracts: Monopoly and competition in the supply and exchange of money. Twenty-one years of antitrust injury: down the alley with Brunswick v. Pueblo Bowl-O-Mat
- Abstracts: Facing the final exit. Yes: a matter of choice. No: preserve traditional restraints
- Abstracts: Issues facing directors in corporate groups. Directors' duties to prevent insolvent trading. Farewell to the sleeping director - the modern judicial and legislative approach to directors' duties of care, skill and diligence
- Abstracts: Equal access to information sought; in outlying areas, law libraries are still few and far between. 'Low-growth' collections pay off; some firms use technology to control the size of libraries