Get updates by email

Select Specific Blog Updates

Paul Zimmerman
pzimmerman@mrllp.com
310.299.5500

Showing 13 posts in Corporate & Securities.

Corporate & Securities
Photo of M&R Blog

iofoto © depositphotos.com

Starting a California Business with a Cause: Comparing the California Social Purpose Corporation with the Delaware Public Benefit Corporation

Hayley Hodson, a rising third-year student at UCLA School of Law and an M&R 2021 Summer Associate assisted in the writing of this article.

As home to the Silicon Valley, Hollywood, and a host of some of the world’s finest academic institutions, California is a haven for entrepreneurs, innovators, and investors alike. Many of these are socially conscious and mission-driven individuals and entities, operating at the intersection of purpose and profit. For them, laws on both coasts providing for unique corporate forms that allow directors to balance a company’s profit-maximizing goals with its society-benefitting ones should be of great interest. (Read More)

Corporate & Securities
Photo of M&R Blog

muha04 © depositphotos.com

Purpose Meets Profit: 5 Things to Know if Your Business Is Considering Becoming a Certified B Corporation

If you’ve spent any time in a shopping mall, you’ve surely passed by, or perhaps made purchases from, The Body Shop, which for decades has been selling ethically sourced beauty, skincare, bath and body products. The company has done so since 1976, all the while adhering to a rather admirable vision: that business can be a force for good. With that as its driving force, The Body Shop has launched a series of activism campaigns over the years and even became the first international cosmetics brand recognized under the Humane Cosmetics Standard. (Read More)

Corporate & Securities
Photo of M&R Blog

Funtap © depositphotos.com

Nasdaq’s New Board Diversity Rule

Late last week (August 6), the SEC approved Nasdaq’s Board Diversity Rule (the Rule), which aims to diversify the boards of directors for Nasdaq-listed companies. By way of the Rule, Nasdaq-listed companies will be required to have at least two diverse directors, one who self-identifies as female and one who self-identifies as an underrepresented minority (read: Black or African American; Hispanic or Latinx; Asian, Native American or Alaska Native, Native Hawaiian or Pacific Islander; or two or more races or ethnicities ) or LGTBQ+. (Read More)

Corporate & Securities
Photo of M&R Blog

Rangizzz © depositphotos.com

M&R Doing Its Part to Advance Environmental Sustainability

Michelman & Robinson, LLP is a proud member of “Lawyers for a Sustainable Economy,” a law firm-led initiative that provides pro bono legal services to sustainability-focused entrepreneurs and non-profit organizations. LSE was organized and is supported by Stanford University’s Precourt Institute for Energy and Stanford Law School. (Read More)

Corporate & Securities
Photo of M&R Blog

 erkcbvd © depositphotos.com

GameStop Mania May Trigger SEC Regulation

The headlines at the beginning of this year touting the ever-expanding list of GameStop paper millionaires—Redditors and its WallStreetBets group and others following in their footsteps, who bought the stock well before its meteoric rise to a record closing price of $483 per share—were soon replaced by cautionary tales of millennials who lost it all. Yes, these market players (many young and less than sophisticated investors leveraging the power of the commission-free Robinhood stock trading app) were riding high, at least temporarily, while sticking it to the hedge funds and big time institutional investors that are the subject of their collective ire. (Read More)

Corporate & Securities
Photo of M&R Blog

Qingwa © depositphotos.com

Corporate Risk Disclosures in the Wake of the 2020 Election

With the recent changing of the guard in Washington, D.C., and coinciding with annual reporting and proxy season, comes the need for public companies across industries to reassess their risk disclosures—whether included in their registration statements for selling securities or SEC periodic reporting requirements. (Read More)

Corporate & Securities
Photo of M&R Blog

svetas © depositphotos.com

Read the Fine Print: Congress Imposes New Reporting Requirements Upon Certain U.S. Business Entities

Despite veto drama, the William (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 (NDAA) was enacted into law, and deep within its 1480 pages is a title—coined the Corporate Transparency Act (CTA)—that establishes new and more stringent reporting requirements. This represents but a small set of robust changes to U.S. anti-money laundering legislation that is part of the NDAA. (Read More)

Corporate & Securities
Photo of M&R Blog

CFTC Issues Guidance on Corporate Compliance Programs

The mission of the Commodity Futures Trading Commission (CFTC) is crystal clear: “to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation.” And with recent guidance that, as of this writing, will soon be included in the CTFC’s enforcement manual, the agency has taken another step towards achieving its stated objective. (Read More)

Photo of M&R Blog

Qingwa © depositphotos.com

SEC Relaxes Federal Proxy Rules for Annual Meetings

The Securities and Exchange Commission recently issued an order granting certain companies relief from complying with some federal proxy rules for annual meetings in light of health, transportation and other logistical issues raised by the spread of COVID-19.

Under Section 12 of the Exchange Act of 1934, as amended, when issuers solicit proxies from their shareholders, they are required to follow the proxy rules, including delivery of proxy materials (e.g., proxy statements and proxy cards). The SEC’s order allows all issuers to change the date, time and location of their annual meetings without having to strictly comply with applicable delivery requirements. (Read More)

Corporate & Securities
Photo of M&R Blog

VadimVasenin © depositphotos.com

5 Key Considerations When Starting Your Cannabusiness

The estimate is staggering: $30,000,000,000. That’s a lot of zeros and a forecast of annual legal cannabis sales by 2025—this as more and more states legalize marijuana for medical or recreational use. No question, the cannabis business is booming, which is something of a given. Less obvious is what you, as a budding cannabusiness entrepreneur, should consider in making cannabis your business. Toward that end, there’s a broad range of issues to think about. (Read More)