Here is my Star Wars: The Rise of Skywalker spoiler-free collection of compliance-related stories that I’m reading while waiting to watch the movie.
The Intersection of Star Wars and Compliance
Tom Fox and Jay Rosen
- On Monday, December 16, we begin with Episode IV-A New Hope and management of risk.
- On Tuesday, December 17, we move to Episode V-The Empire Strikes Back and due diligence.
- On Wednesday, December 18, we consider Episode IV-Return of the Jedi and effective training.
- On Thursday, December 19, we explore the first of the latest trilogy, Episode VII-The Force Awakens and disruptive innovation in compliance.
- Friday, December 20, we conclude with Episode VIII-The Last Jedi and the Board’s role in succession.
The Hallmark of New Stakeholder Risk
Matt Kelly
Radical Compliance
I always enjoy a good drama, and what happened at the Hallmark Channel this week did not disappoint. Ethics and compliance officers might want to consider what happened there since the same basic plot line seems to be happening at lots of large organizations.
You might already have heard what happened, although the whole thing happened so fast that maybe you didn’t. Hallmark had agreed to air several ads from Zola Inc., a wedding planning firm, including one ad that featured a same-sex couple. That ad (with two women) started airing several weeks ago, during what is normally Hallmark’s busy season of broadcasting schlocky Christmastime romance movies.
http://www.radicalcompliance.com/2019/12/19/hallmark-new-era-stakeholder-risk/
Court Finds Fund a “Beneficial Owner” Subject to Section 16 Despite Delegation to Investment Adviser
Sidley Austin
A federal district court found a private fund to be a “beneficial owner” subject to Section 16 of the Securities Exchange Act of 1934, even though the fund had delegated voting and investment power to its investment adviser.1 Delegation has been relied upon by private funds in taking the position that the fund is a not a “beneficial owner” subject to Section 16. This ruling is likely to attract the interest of the Section 16(b) plaintiff’s bar, which reviews SEC filings for potential theories of private litigation.
https://www.sidley.com/en/insights/newsupdates/2019/12/court-finds-fund-a-beneficial-owner-subject-to-section-16-despite-delegation
