On Thursday 16 March in a statement to Parliament the Secretary of State confirmed that she was intervening in the proposed merger between 21st Century Fox, Inc and Sky plc on the media public interest grounds of plurality and commitment to broadcasting standards. This began the process whereby Ofcom and the Competitions and Markets Authority (CMA) prepared reports on the public interests specified and jurisdictional issues, respectively. Continue Reading →
Tag Archives | letter
Take Action: Bartlett Naylor of Public Citizen sent me the following draft sign-on comment letter to FASB/SEC regarding their concept release to redefine “materiality” from information that “could” be important to investors to information that “would” be considered important. If you agree with us that regulators shouldn’t be reducing the volume information that “could” be material, please contact Mr. Naylor at [email protected]. Let him know you want to join in the comment letter. Include your contact details and how you want to be referenced.
December 6, 2015
Mary Jo White/Chair
James Schnurr/Office of Chief Accountant
Securities and Exchange Commission Members
Financial Accounting Standards Board Continue Reading →
The no-action letter to Whole Foods Market (Whole Foods), sanctioning exclusion of my proxy access proposal is based on a reinterpretation of Rule 14a-8(i)(9) without going through the rulemaking process. Letting Whole Foods substitute a sham proxy access proposal could negatively impact dozens of proposals submitted this year on proxy access and other topics.
The case is similar to AFSCME vs AIG, where the SEC also reinterpreted an existing rule without going through the rulemaking process. When rules are changed, the public has a right to notice and input. Yesterday, I filed an appeal to the full Commission. The body of that appeal is posted below so that others can benefit from and supplement these arguments in future cases. Download the full appeal as a pdf (McRitchieAppealNo-action12-23-2014). Continue Reading →