Guest blogger: Lily Hughes is VP & Associate General Counsel of Ingram Micro Inc., a Fortune 100 global leader in IT distribution, mobile device lifecycle services and logistics solutions. Lily advises the company’s senior executives and business teams on corporate securities and regulatory requirements, corporate governance, finance & treasury matters, investor relations and communications, tax, executive compensation, mergers & acquisitions, equity plans, and strategic vendor and customer agreements.
Even without a permanent director, the Securities and Exchange Commission’s Division of Corporate Finance is clear on its priorities and the work it plans to finish. On Friday, May 10, 2013, ACC Advocacy and the Corporate and Securities Law Committee hosted our annual ACC-members only meeting with the Division.
Acting Director Lona Nallengara, his deputy directors and other key staff had a robust dialogue with members on a wide range of topics. These included the work of the Office of the Whistleblower, credit rating agencies, conflict minerals, pledging and hedging, CEO to employee pay ratios, institutional shareholder advisory firms, 10b5-1 plans, the Iran notice and smaller reporting companies, among other topics.
From the discussion, it was clear that, under the leadership of new SEC Chair Mary Jo White, the Division is focused on completing its rulemaking mandates under the Jumpstart Our Businesses Startup Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Members found the event exceptionally valuable for networking, peer learning, and of course for access to SEC staff leadership. Special thanks to Alston & Bird, the Committee Sponsor for hosting this event and to ACC members John Saia, Bart Wu, Desmond Eppel, and ACC Advocacy for their facilitation.