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Shenzhen Stock Exchange - Embark On A New Journey At 2nd Anniversary Of Implementation Of Registration-Based IPO System Of ChiNext Board: Gather Innovation Capital And Energize Growth Drive

Date 26/08/2022

On 27 April 2020, the Central Committee for Deepening Overall Reform considered and approved the Overall Implementation Plan for the ChiNext Board Reform and the Pilot Project of the Registration-based IPO System. After 119 days of hard work, on 24 August 2020, the first 18 companies were successfully listed under the ChiNext Board reform and the pilot project of the registration-based IPO system, marking a solid step in the “incremental + existing business” reform of the capital market. Over the past two years, SZSE has implemented in depth the decisions and plans of the CPC Central Committee and the State Council. Adhering to the positioning of the ChiNext Board, we have continuously focused on the “deep end” of the reform and implemented the reform with our own advantages and characteristics. We have highlighted the promotion of technological innovation, improved the services for high-tech enterprises, enterprises from strategic emerging industries and startups with great growth potential, and further facilitated high-level circulation of technology, capital and the real economy. SZSE has become a new ground to support the innovative economic development of China.
SGX-ST Listings Disciplinary Committee Reprimands Aspen (Group) Holdings Limited, Its Group CEO, Dato’ Murly Manokharan, And Its Executive Directors, Dato’ Seri Nazir Ariff Bin Mushir Ariff And Ir. Anilarasu Amaranazan

Date 26/08/2022

Public Reprimand: Breaches of Listing Rules
CTBC Investments Selects ICE FactSet Selected Financials And Data Industry Index for New ETF

Date 26/08/2022

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that CTBC Investments Co., Ltd. (“CTBC Investments”) has selected the ICE FactSet® Selected Financials and Data Industry Index for its newly launched CTBC Selected Financials and Data Industry ETF.
Late Summer Sunshine: Statement On The Adoption Of Pay Versus Performance, SEC Commissioner Caroline A. Crenshaw, Aug. 25, 2022

Date 25/08/2022

Today the Commission adopted a rule that provides investors with information about how corporate executives are paid. That is, quite simply, it. This rule does not regulate the way companies incentivize their executives, but rather the disclosures that companies are required to make about such compensation. More specifically, Pay Versus Performance disclosures give investors insight into how performance measures impact executive compensation, in order to allow investors to better understand how boards pay their company executives
SEC Charges Infrastructure Company Granite Construction And Former Executive With Financial Reporting Fraud

Date 25/08/2022

The Securities and Exchange Commission today charged Granite Construction, Incorporated and its former Senior Vice President, Dale Swanberg, with fraud for inflating the financial performance of the major subdivision Swanberg managed. In 2021, Granite restated its financial statements from 2017 through 2019 to correct revenue and profit margin errors allegedly caused by Swanberg’s misconduct. The company agreed to pay $12 million to settle the SEC’s charges.

Neither Pay Nor Performance, SEC Commissioner Hester M. Peirce, Aug. 25, 2022

Date 25/08/2022

Section 953(a) of the Dodd-Frank Act requires the Commission to adopt rules mandating public companies to describe clearly the relationship between compensation the company actually paid to its executives and the company’s financial performance. Today’s rulemaking will elicit costly, complicated, disclosure of questionable utility. Accordingly, I am unable to support this rule.
SEC Adopts Pay Versus Performance Disclosure Rules

Date 25/08/2022

The Securities and Exchange Commission today adopted amendments to its rules to require registrants to disclose information reflecting the relationship between executive compensation actually paid by a registrant and the registrant’s financial performance. The rules implement a requirement mandated by the Dodd-Frank Act. The Commission proposed pay versus performance disclosure rules in 2015 and reopened the comment period on the proposal in January of this year.
Statement On The Final Rule Related To Pay Versus Performance, SEC Commissioner Mark T. Uyeda, Aug. 25, 2022

Date 25/08/2022

Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) requires the Commission to issue a rule requiring disclosure of information reflecting the relationship between executive compensation actually paid by a company and the company’s financial performance.[1] Although this provision lacks a statutory deadline, it is unacceptable for more than twelve years to elapse before fulfilling a Congressional mandate.
Statement On Final Rule Regarding Pay Versus Performance, SEC Chair Gary Gensler, Aug. 25, 2022

Date 25/08/2022

Today, the Commission voted to adopt a rule requiring certain public companies to disclose information regarding their executives’ compensation and how such compensation relates to the company’s financial performance. I was pleased to support this rule—so-called “pay versus performance”—because it will strengthen the transparency and quality of executive compensation disclosure to investors.
Statement On Pay Versus Performance:SEC Commissioner Jaime Lizárraga, Aug. 25, 2022

Date 25/08/2022

Today, the Commission adopted a rulemaking implementing key Dodd-Frank Act transparency provisions that give shareholders the ability to assess whether executive compensation is tied to corporate performance. I commend SEC Chair Gary Gensler for advancing this important priority that makes executive pay more accountable to shareholders.