John White, the Chief of the SEC Division of Corporation Finance, recently announced that he is returning to his old job at Cravath. White was appointed by Chairman Cox in 2006.
Many thanks to diligent reader bc for correcting my huge faux pas. John White is head of Corporation Finance, not Enforcement. My excuse is that I have enforcement on the brain these days. Also, I'm dumb.
'34 Act rule 14a-8 allows shareholders, even those with very small holdings, to submit proposals for consideration at a company's annual meeting. If the company wants to exclude a shareholder's proposal, it must seek no-action letter relief. Last week, the Division of Corporation Finance issued Staff Legal Bulletin No. 14 to provide guidance and help streamline the 14a-8 process.
Monday links: taking time to adjust
5 hours ago
White is head of Corp Fin, not Enf.
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