Smaller Reporting Company Regulatory Relief and Simplification: Best Practices Explored
Overview:The SEC recently finalized the amendment on the rules for Smaller Companies' reporting methods paving the way to a more simplified approach in complying with the new requirements. It also allows covered companies to choose between different disclosure categories. Moreover, a new definition of Smaller Reporting Company was issued, hence, expanded coverage is expected. This event will aim to further explain this amendment along with the issues surrounding its implementation. Small, as well as large scale companies are strongly encouraged to participate.The Knowledge Congress is assembling a panel of distinguished professionals and key regulators to help the public understand this new and improved regulation. The speakers will share their expert opinions in a two-hour LIVE Webcast.
Who Should Attend:
Small Business Issuers
Investment Banks and Institutional Investors
Corporate Finance Lawyers, Consultants and Accountants
Capital Market Transaction Lawyers, Consultants and Accountants company
Karin A. French is the Assistant National Managing Partner of Professional Standards for Grant Thornton LLP. Karin has 25 years of work experience and is located in the McLean, Virginia office. She assists in managing and leading over 60 professionals in the Firm’s national professional standards group. This group provides timely information on current accounting, auditing, financial reporting, ethical and SEC developments to the Firm’s personnel and clients. Karin also serves as the Partner in Charge of SEC and Regulatory Matters, focusing on SEC and PCAOB reporting and regulatory requirements affecting public companies. Karin has assisted many of the Firm’s audit partners and their clients in numerous SEC matters, involving initial public offerings, responding to SEC comment letters, and inquiries of the SEC staff on complex accounting and reporting issues. Karin functions as the Firm’s liaison with the SEC, consulting on various accounting and reporting issues with the Division of Corporation Finance and the Office of the Chief Accountant on a routine basis.
Karin previously served seven years as an Assistant Chief Accountant in the Division of Corporation Finance at the U.S. Securities and Exchange Commission (SEC). She supervised up to 14 staff accountants in the group responsible for the monitoring and review of all public bank holding companies, savings and loan associations, mortgage bankers, finance companies, chemical, mining and miscellaneous retail companies.
Professional qualifications and memberships
American Institute of Certified Public Accountants (currently represents Grant Thornton on the SEC Regulations Committee and the SEC Audit Practices Task Force.)
Previously served on the Accounting Standards Executive Committee (AcSEC) and other AICPA committees and task forces, and other risk management groups established by the major accounting firms.
Karin A. French is the Assistant National Managing Partner of Professional Standards for Grant Thornton LLP. Karin has 25 years …
Chair, Publicly Held Companies Stradley Ronon Stevens & Young, LLP
Eric Schoenborn is a partner in the Business Department and chair of the Publicly Held Companies Practice Group at Stradley Ronon Stevens & Young, LLP. Stradley Ronon is a full-service law firm that has been helping companies grow their business and achieve their goals for over 80 years. Stradley Ronon has approximately 200 attorneys located in six offices throughout the Mid-Atlantic region. Eric represents a broad range of private and public companies in connection with their business transactions (including mergers and acquisitions), finance matters, and corporate and securities regulatory compliance.
As part of his securities practice, he advises clients in connection with the public and private offering of securities, including the preparation of registration statements under the Securities Act of 1933 and related state registrations or exemptions. He also counsels publicly held companies with respect to compliance under federal securities laws, including the preparation and filing of periodic reports such as quarterly and annual reports and proxy statements under the Securities Exchange Act of 1934. Eric regularly advises clients regarding corporate governance matters, including compliance with the Sarbanes-Oxley Act and stock market governance rules and implementation of committee charters, codes of ethics and disclosure controls and procedures. He serves clients of varying sizes, including companies with securities trading on the New York Stock Exchange, NASDAQ, the American Stock Exchange and the OTC Bulletin Board.
Eric has written on securities law and related matters for a number of legal publications. Prior to joining Stradley Ronon, he practiced for two years in the corporate and securities department of a law firm based in Princeton, NJ. Eric also gained valuable practical experience working at Pfizer, Inc. and the U.S. Securities and Exchange Commission during law school. Eric earned, with honors, his B.A. degree in Business Management and M.S. degree in Management (Finance) from North Carolina State University, and received his J.D. degree from George Mason University School of Law.
Eric Schoenborn is a partner in the Business Department and chair of the Publicly Held Companies Practice Group at Stradley …
Mr. O’Neill is a Special Counsel in the Office of Small Business Policy at the U.S. Securities and Exchange Commission. The Office of Small Business Policy is responsible for administering SEC corporate finance programs that relate primarily to smaller public and private companies, including capital formation and investor disclosure programs and the corporate finance rules applicable to private equity and venture capital.
Mr. O’Neill has practiced law in Washington, D.C. area since 1988 in the public and private sectors. Prior to joining the SEC in July of 2001, he was General Counsel and Secretary of Bioqual, Inc. a smaller public biotech in Rockville, Maryland for seven years. Mr. O’Neill was responsible for all the legal affairs of a public company including corporate secretarial functions. He assisted the company in becoming listed on a national exchange in 1998.
Mr. O’Neill was actively involved in drafting the final and proposing smaller reporting company regulatory relief and simplification releases that the Commission formally adopted on November 15, 2007. He was the Committee Deputy Staff Director of the SEC Advisory Committee on Smaller Public Companies that issued its report on April 23, 2006. The recommendations and final report of the Committee involved novel and complex issues under the federal securities laws. Additionally, Mr. O’Neill worked on the shell company release that the Commission adopted on July 29, 2005 from inception to adoption. This project involved defining the term shell company under Rule 12b-2, prohibiting shell companies from using Form S-8, and requiring equivalent Form 10 disclosure when a shell company engages in a transaction whereby it ceases to be a shell company.
Mr. O’Neill holds a J.D. from the Antioch School of Law, an LL.M. in Securities and Financial Regulation from the Georgetown University Law Center, and a B.A. from Clark University in Worcester, Massachusetts
Mr. O’Neill is a Special Counsel in the Office of Small Business Policy at the U.S. Securities and Exchange Commission. …
James J. Moloney is a partner and Co-Chair of the firm's Securities Regulation and Corporate Governance Practice Group and is resident in the Orange County office of Gibson Dunn. He is also a member of the firm's Corporate Transactions Practice Group focusing primarily on securities, mergers and acquisitions, friendly and hostile tender offers, proxy contests, going-private transactions, and general corporate matters.
Mr. Moloney was with the Securities & Exchange Commission in Washington, D.C. for six years before joining Gibson Dunn in June 2000. He served his last three years at the Commission as Special Counsel in the Office of Mergers & Acquisitions in the Division of Corporation Finance. In addition to reviewing merger transactions, Mr. Moloney was the principal draftsman of Regulation M-A, a comprehensive set of rules relating to takeovers and shareholder communications, that was adopted by the Commission in October 1999.
Mr. Moloney advises a range of listed companies on reporting and other obligations under the securities laws, establishment of corporate compliance programs, and compliance with corporate governance standards under the securities laws and stock exchange rules. He has advised companies in connection with SEC and other U.S. regulatory investigations, and stock exchange proceedings, and works closely with partners in the firm’s Litigation Practice Group on securities-related lawsuits and investigations.
In the cross-border M&A arena, Mr. Moloney has been involved in cross-border tender offers, exchange offers and going private transactions. He has advised bidders as well as targets, and major shareholders of targets, on the registration, disclosure and reporting obligations under the securities laws arising from such transactions.
Mr. Moloney has authored a number of no-action requests to the SEC. He oversees the preparation of firm memoranda on securities law and corporate governance issues. Mr. Moloney is a frequent contributor to professional journals and other publications and regularly serves as a panelist for presentations and seminars on a range of corporate governance and securities law topics.
In 1998, Mr. Moloney received his LL.M. degree in securities regulation with distinction from the Georgetown University Law Center. He received his J.D. degree cum laude from Pepperdine University in 1994 where he was an editor of The Pepperdine Law Review. In 1992, Mr. Moloney served as a judicial extern for Justice Armand Arabian at the California Supreme Court in San Francisco. He received his B.S. degree in business administration from Boston University in 1989.
Mr. Moloney has been a member of the California Bar since 1994. He serves as the Vice Chair of the Proxy Statements and Business Combinations Subcommittee of the Federal Regulation of Securities Section of the American Bar Association. In addition, he is a board member of the Center for Corporate Reporting and Governance at Cal State Fullerton.
James J. Moloney is a partner and Co-Chair of the firm's Securities Regulation and Corporate Governance Practice Group and is …
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