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ICYMI: #corpgov Weekend Roundup (July 22, 2018)

By Stefan J. Padfield on July 22, 2018

“The Australian Securities and Investments Commission and Australian Taxation Office are becoming increasingly concerned about the role that pre-insolvency advisors play in promoting illegal phoenix activity.” https://t.co/kjOJDCWXfn #corpgov

— Stefan Padfield (@ProfPadfield) July 19, 2018

“EU regulators fined Google $5.1 billion on Wednesday … the highest antitrust-related penalty ever. But it’s relative chump change for Google … which had $102.9 billion in … cash equivalents & marketable securities stashed away as of March” https://t.co/jN2ZT0uXHc #corpgov

— Stefan Padfield (@ProfPadfield) July 19, 2018

“Facebook will rely on local organizations of its choosing to decide whether specific posts contain false information and could lead to physical violence, company officials said. If both hold true, the posts will be taken down.” https://t.co/lDPjP2HEz1 #corpgov

— Stefan Padfield (@ProfPadfield) July 19, 2018

“U.S. companies have largely stuck to vague language in disclosing the impact of climate change and haven’t faced any pressure from the SEC to be more specific.” https://t.co/PNfJXwX5cD #corpgov

— Stefan Padfield (@ProfPadfield) July 20, 2018

“Papa John International Inc.’s board is planning to discuss and possibly vote Sunday on whether to adopt a ‘poison pill’ aimed at preventing founder John Schnatter from gaining a controlling interest” https://t.co/cZlkyYiiyK #corpgov

— Stefan Padfield (@ProfPadfield) July 22, 2018

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Photo of Stefan J. Padfield Stefan J. Padfield

Director of the NCPPR’s Free Enterprise Project. Prior experience includes 15+ years as a law professor, two federal judicial clerkships, private practice at Cravath, Swaine & Moore, LLP, and 6 years enlisted active duty (US Army). Immigrant (naturalized).

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