November 2012

Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis & Co., LLC (“Glass Lewis”) recently updated their proxy voting guidelines for the 2013 proxy season.  The complete 2013 Updates to ISS’s U.S. Corporate Governance Policy are available here.  Key updates from both proxy advisors relating to executive compensation and compensation-related matters are discussed below.  While

All five Federal Communications Commission Commissioners will testify on “Keeping the New Broadband Spectrum Law on Track” on Wednesday, December 12, 2012 before the Communications and Technology Subcommittee of the House Energy & Commerce Committee. As they become available, further details will be posted here.

Congress gave the FCC authority to conduct incentive auctions

The California court that is hearing Fox’s challenge concerning DISH’s Hopper set-top-boxes and related AutoHop feature has issued a decision denying Fox’s request for a preliminary injunction.  The Hopper can be used to automatically record primetime programming from the four major broadcast television networks, and the AutoHop feature allows viewers to automatically skip the commercials

The Pension Benefit Guaranty Corporation (“PBGC”) recently announced a change to its enforcement policy under ERISA § 4062(e) and issued answers to frequently asked questions on the subject.  The new enforcement policy would impose § 4062(e) liability only on large employers who are not “financially sound.”  As discussed below, however, the new policy does not provide