Advisory Committee on Small and Emerging Companies

On September 13, 2017, the SEC Advisory Committee on Small and Emerging Companies held an open meeting to discuss the Sarbanes-Oxley (“SOX”) auditor attestation requirement, the final report that will be issued prior to the expiration of the Committee’s current charter and whether updates are needed to Securities Act Rule 701.  In its discussion of

The SEC Advisory Committee on Small and Emerging Companies will hold its next meeting on Wednesday, September 13, 2017 at 9:30 a.m. ET.

The Committee will begin with a discussion of the Sarbanes-Oxley Act auditor attestation requirement.  The Committee will also consider whether updates are needed to Securities Act Rule 701.  In addition, the Committee

In a recent letter, the Chamber commented to the SEC’s Advisory Committee on Small and Emerging Companies about the Committee’s consideration of the factors affecting the trend of companies remaining private and deferring their IPOs.  The Chamber’s letter attributes some of the “hurdles” of becoming a public company to the SEC’s complex disclosure requirements, recent

Because they can….  This was the conclusion of the discussion at the SEC Advisory Committee on Small and Emerging Companies earlier in the week (see our prior post regarding the meeting).  The Committee discussed statistics relating to the number of companies that are undertaking IPOs, the number of venture-backed companies receiving substantial private investments,

The SEC’s Advisory Committee on Small and Emerging Companies announced its agenda for its upcoming February 15 meeting.  The committee will discuss:

  • Secondary market liquidity for Regulation A Tier 2 and non-exchange listed companies;
  • Broker-Dealer status of “finders”;
  • Why more companies are staying private; and
  • Finalizing board diversity recommendation.

The meeting is open to the

On October 5, 2016, the SEC Advisory Committee on Small and Emerging Companies held a public meeting to discuss, among other things, board diversity for public companies.  As part of the meeting, the National Association of Corporate Directors (the “NACD”) gave a presentation titled “Advancing Exemplary Board Leadership, which highlighted various statistics concerning board diversity,

The Securities and Exchange Commission has published the agenda for the October 5 meeting of the Advisory Committee on Small and Emerging Companies.

The Advisory Committee plans to discuss and cover Regulation S-K disclosure requirements, research on corporate board diversity and outreach relating to capital raising for smaller companies.

In addition, the Division of Trading

This summer, the House Financial Services Committee passed the Main Street Growth Act, which calls for legislative changes to promote the formation of venture exchanges.  The idea that securities exchanges specially designed for trading smaller and younger firms might be a useful addition to U.S. equity markets has been on people’s minds at the