September 17, 2015
Perks: Another SEC Enforcement Case
– Broc Romanek, CompensationStandards.com
Last week, the SEC brought an enforcement action in the perks/related-person/internal controls area – In the Matter of MusclePharm Corporation – about how a company paid the spa tab for its CEO and his spouse, etc. The CEO is an ex-NFL football player as noted in this Bloomberg article. Good tabloid stuff to read upon my return.
The case also involved a charge over a failure to retain manually-signed signature pages – a charge that I blogged at length yesterday over on “TheCorporateCounsel.net Blog”…