Search Results for keywords:"governance"

The Legal Services Corporation (LSC) Board of Directors will hold virtual meetings on January 21 and January 23, 2025, via Zoom. These meetings will involve several committees, such as the Operations and Regulations, Governance and Performance Review, and Institutional Advancement Committees. Portions of these meetings will be open to the public, where topics like the approval of agendas, self-evaluations, and strategic plans will be discussed. Certain parts, including development reports and nominations to councils, will be closed to the public. For more information, individuals can contact Cheryl DuHart, the Administrative Coordinator.

The Securities and Exchange Commission approved new rule changes proposed by the National Securities Clearing Corporation, The Depository Trust Company, and Fixed Income Clearing Corporation. These changes revolve around enhancing governance and reducing conflicts of interest within these organizations, ensuring directors and senior managers adhere to specified regulations. The approved framework includes mechanisms to manage conflicts of interest, risks from service providers, and to actively involve stakeholders in key decision-making processes related to risk management and operations. Ultimately, these changes aim to improve transparency and accountability in the operations of these financial clearing agencies.

The Department of Justice has implemented a final rule to define the functions of the Office of the Executive Secretariat as a distinct part of the department. This Office, created in August 2023, will manage the review and approval of important documents and correspondence within the department and ensure they are processed efficiently. The rule is categorized as a change in agency organization and management, exempting it from typical procedures like prior notice or public comment. It does not have significant regulatory or economic impacts on small entities, states, or federalism.

MIAX PEARL, LLC has submitted a proposal to the Securities and Exchange Commission (SEC) to update its By-Laws with changes that would, among other things, remove the need to maintain certain committees such as the Compensation Committee and the Quality of Markets Committee. The proposal also includes updates to how compensation for officers is determined, excluding the Chief Regulatory Officer, and other personnel-related processes. The proposed changes will be effective immediately, and the SEC is inviting public comments on these updates until February 19, 2025.

The Securities and Exchange Commission (SEC) is holding a public roundtable on artificial intelligence in the financial industry. This event will take place on March 27, 2025, at the SEC's headquarters in Washington, DC, starting at 9 a.m. The roundtable aims to gather insights from market participants, academics, and industry professionals regarding the risks, benefits, and governance of AI in the financial sector. The meeting will be open to the public with first-come, first-served seating, and will also be webcast on the SEC's website.

The Securities and Exchange Commission has approved a rule change proposed by the Financial Industry Regulatory Authority (FINRA) to amend the rules about removing members from FINRA's National Adjudicatory Council (NAC). This change aligns the reasons for removing a NAC member with those for removing a governor from the FINRA Board, including removal "for any cause affecting the best interests" judged by the FINRA Board. This is intended to enhance governance and assure fair representation of FINRA members, supporting investor protection and public interest through fair and impartial adjudication processes. The decision emphasizes the importance of the NAC's independence, integrity, and freedom from conflicts of interest.