SEC Hot Topics Institute
Philadelphia, PA
September 22, 2009
Join us for the annual RR Donnelley SEC Hot Topics Institute. Renowned experts will examine the latest developments and trends, provide insight into what lies ahead and impart practical, actionable guidance on the crucial issues facing today’s corporate and securities law practitioners and finance professionals. The program is complimentary, CLE/CPE-accredited and features SEC officials, corporate counsels, governance officers, chief financial officers, accounting professionals and law firm partners.
Click here to view the program agenda.
Co-Chairs:
Justin P. Klein, Partner, Ballard Spahr Andrews & Ingersoll, LLP
Ann C. Mulé, Chief Governance Officer, Assistant General Counsel, Corporate Secretary, Sunoco, Inc.
From the SEC:
Daniel M. Hawke, District Administrator, U.S. Securities and Exchange Commission
|
|
Speakers:
Mary T. Afflerbach, Corporate Secretary & Chief Governance Officer, Air Products & Chemicals, Inc.
Mark Borges, Principal, Compensia, Inc.
Carol Bowie, Vice President and Director, RiskMetrics Group
Richard J. Busis, Partner, Cozen O'Connor
Robert J. Cepielik, Partner, Deloitte Financial Advisory Services LLP
Albert S. Dandridge, III, Partner, Schnader Harrison Segal & Lewis LLP
Ian A. Hartman, Partner, Dechert LLP
William E. Hitselberger, Executive Vice President and Chief Financial Officer, PMA Capital Corporation
Brian M. Katz, Partner, Pepper Hamilton LLP
Brian J. Lynch, Partner, Hogan & Hartson LLP
Jerry Ravi, Senior Manager, Amper, Politziner & Mattia, LLP
F. Douglas Raymond, III, Partner, Drinker Biddle & Reath LLP
Todd J. Russo, Associate General Counsel, Buckeye Partners, L.P.
Joanne R. Soslow, Partner, Morgan, Lewis & Bockius LLP
John Truzzolino, Director E-Solutions, RR Donnelley
John W. White, Partner, Cravath, Swaine & Moore LLP
Ellen C. Wolf, Senior Vice President and Chief Financial Officer, American Water Works Co. Inc.
John B. Wright, II, Vice President, General Counsel and Secretary, Triumph Group, Inc.
Click here to view our faculty biographies.
A comprehensive update on the latest trends and practices:
| 9:00 am - 9:05 am |
Introduction |
Justin P. Klein
Ann C. Mulé |
| 9:05 am- 9:50 am |
I. Inside the SEC
- Commission initiatives
- SEC staff review practices and areas of focus
- Responding to SEC staff comments and resolving issues
|
Ann C. Mulé
John W. White |
| 9:50 am - 11:00 am |
II. Actions in Light of Current Market Conditions
- Stock buybacks
- Updating risk factors and MD&A in today's economy
- Going dark
- NASDAQ and NYSE suspension of certain continued listing requirements
- Recent SEC CDIs on deregistration
- Handling of out-of-money and other down market arrangements
- Bought deals
|
Justin P. Klein
F. Douglas Raymond, III
Todd J. Russo
Joanne R. Soslow |
| 11:00 am - 11:15 am |
Coffee Break |
|
| 11:15 am - 12:30 pm |
III. Proxy Season Review
- RiskMetrics/ISS update
- Review of 2009 shareholder proposals
- RiskMetrics/ISS 2009 survey results
- Impact of Rule 452
- Proposed federal legislation
- Executive compensation
- Say on pay
- New SEC proxy disclosure rules
- Proxy access - SEC and Delaware
Click here to view session handout one
Click here to view session handout two
|
Ann C. Mulé
Mark Borges
Carol Bowie
Brian J. Lynch |
| 12:30 pm - 1:00 pm |
Luncheon |
|
| 1:00 pm- 2:00 pm |
IV. Accounting Issues
- New purchase accounting rules (FAS 141R)
- Fair value accounting under FAS 157, impairments - goodwill and long lived assets, going concern
- Upcoming guidance: revenue recognition, FASB codification project
- International financial reporting standards update
|
Justin P. Klein
Robert J. Cepielik
William E. Hitselberger
Brian M. Katz
Ellen C. Wolf |
| 2:00 pm - 2:45 pm |
V. Board of Directors' Fiduciary Obligations in M&A and Restructurings
- Debt for equity exchanges
- Fiduciary duties in M&A: recent cases
- Disclosure of representations in agreements filed with the SEC
- Going private transactions
|
Justin P. Klein
Richard J. Busis
Ian A. Hartman
John B. Wright, II |
| 2:45 pm - 3:30 pm |
VI. Electronic and Other SEC Initiatives
- XBRL-Tagged financial statements
- Notice and access
- Corporate websites
Click here to view session handout one
Click here to view session handout two
|
Ann C. Mulé
Mary T. Afflerbach
Jerry Ravi
John Truzzolino |
| 3:30 pm - 3:45 pm |
Coffee Break |
|
| 3:45 pm - 4:45 pm |
VII. SEC Enforcement Issues (ethics credit)
- Enforcement manual
- Subprime lending
- Auction rate securities
- Manipulation and false rumors
- Ponzi schemes
- Insider trading
|
Justin P. Klein
Daniel M. Hawke
Albert S. Dandridge, III |
|  |
