50 S&P 500 Companies Signal Credit Facility Usage Amid COVID-19Pandemic As a hedge against the brutal impact of the COVID-19 pandemic on earnings and cash flow, 50 S&P 500 companies disclosed that they have or plan to soon draw down on credit facility arrangements as short-term bridge loans to get them through the next 12…
Today, the SEC’s Division of Corporation Finance (CorpFin) provided new guidance related to disclosures companies should be making in light of the coronavirus (Covid-19) pandemic. The commission will also allow more time for public companies to submit mandatory filings, as long as the company clearly explains why it needs more time. “These actions provide temporary, targeted…
Chief executives of large U.S. companies rode a more than decadelong bull market to a string of record pay days. Now, the stock market’s coronavirus-fueled swoon could wipe out hundreds of millions of dollars from executive pay packages and prompt a recalibration of how CEO compensation is set. The potential losses highlight the flip side…
NACD this week polled nearly 200 members to better understand how directors and their boards are responding to the coronavirus disease 2019 (COVID-19) pandemic. While the economic, social, and political impacts remain in flux—evidenced in one dimension by the S&P 500 declines and gains of nearly 10 percent last week—corporate boards are in a unique…