New Directors’ Remuneration Regime: The Facts for Life Sciences Companies

By | Inside EU Life Sciences | November 28, 2013

In the wake of the financial crisis and the so-called ‘shareholder-spring’ of 2012 (a period during which many shareholders refused to endorse directors’ remuneration policies), the government has introduced new rules on directors’ remuneration reporting. The new rules: (i) increase the compliance burdens regarding the reporting of directors’ remuneration policies; (ii) increase shareholder control over remuneration and termination packages; and (iii) introduce potential personal liability for directors who authorise payments in violation of an approved policy.

Weatherford’s “Loose Controls and Anaemic Compliance” Leads to $253 Million Bribery and Sanctions Penalties

By | Bribery Library Blog | November 28, 2013

Two days ago the United States Securities and Exchange Commission charged oil field services company Weatherford International with violating the Foreign Corrupt Practices Act (FCPA) by authorising bribes and improper travel and entertainment for foreign officials in the Middle East and Africa to win business including kickbacks in Iraq to obtain United Nations oil-for-food contracts. The SEC press release is here.

Easing the Iran Sanctions – Examining What’s Happening and Who It Impacts

By | Technology's Legal Edge | November 28, 2013

On Sunday 24 November, the Islamic Republic of Iran and the member-states of the Group 5+1 (the five permanent UN Security Council members plus Germany) struck an historic deal providing Iran with approximately $7 billion in relief from international sanctions in exchange for Iranian curbs on uranium enrichment and other nuclear activity.

Fall 2013 Unified Agenda Published by OMB: Something New, Something Old

By | Federal Regulations Advisor | November 27, 2013
Fall 2013 Unified Agenda Published by OMB:  Something New, Something Old

The Office of Management and Budget (OMB) Office of Information and Regulatory Affairs (OIRA) released the Fall 2013 Current Regulatory Plan and the Unified Agenda of Regulatory and Deregulatory Actions on November 26, 2013.  Many of the rulemakings are “old hat” and have appeared in the plan and agenda many times – illustrating the fundamental issue of relevancy and currency – but OIRA Administrator Howard Shelanski has succeeded in putting the semi-annual publication back on a timely track.