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The article discusses the changes implement by the U.S. Securities and Exchange Commission (SEC) regarding the federal securities laws and corporate finance. It mentions the acts which include the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Sarbanes-Oxley Act of 2002. It mentions the areas in which changes have been implemented which include executive compensations, corporate governance and the provisions regarding the disclosure of securities.

The article discusses recent developments in U.S. securities laws and corporate finance. On July 21, 2010, President Barack Obama signed into law the Dodd-Frank Act, which affects the financial services industry and all public companies. The Dodd-Frank Act imposes requirements related to executive compensation and enhances compensation disclosure obligations. On March 30, 2011, the Securities & Exchange Commission (SEC) voted to propose rules implementing Section 952 of the Dodd-Frank Act.

The article discusses the developments in the securities and corporate laws in the U.S. It tackles the creation of a say-on-pay legislation which would enhance the disclosure of executive compensation practices at public companies. It also explores the clarifications issued by the U.S. Securities and Exchange Commission (SEC) and Financial Accounting Standards Board (FASB) concerning fair value accounting and the rules governing the proxy process in the nomination and election of directors.

Presents two legal documents submitted by New York University of Law professor Stephen Gillers. Memo on document retention policy in the Enron investigation addressed by Nancy A. Temple to Michael C. Odom and forwarded by the latter to David B. Duncan; Memo from White House counsel Alberto Gonzales giving instructions on the preservation of documents pertaining to former U.S. Ambassador Joseph C. Wilson, his trip to Niger in February 2002, and his wife's purported relationship with the Central Intelligence Agency.

Focuses on the proposed changes to the federal securities law of corporate finance in the U.S. Deadline of filing for annual and quarterly reports under the Securities Exchange Act of 1934; Benefit plan for employees; Provision of instruction authorizing the financial transactions of companies.