ICGN Conference Stockholm Sweden
Tue, Mar 07
|Stockholm Waterfront Congress Centre
The event will cover sustainability standards and reporting, looking specifically at the evolution of this space and next steps for companies and investors.
Time & Location
Mar 07, 2023, 9:00 AM – Mar 08, 2023, 3:45 PM
Stockholm Waterfront Congress Centre , Nils Ericsons Plan 4, 111 64 Stockholm, Sweden
About the Event
Panel Discussions:
The SPAC Boom and Meltdown: Lessons for investors, Hosted by Pomerantz LLP
The sole purpose of a Special Purpose Acquisition Company (“SPAC”) is to effect a merger with a private business to enable it to go public. SPACs’ predecessors were the poorly regulated “blank check” companies of the 1980s, which were plagued by penny-stock fraud. SPACs evade the heightened disclosure regime of IPOs, making them a magnet for fraud. Recent research shows that 49% of quarterly financial filings by companies that came to market via a SPAC since 2020 contained an admission of ineffective internal controls. This panel will address the allure of SPACs, their risks, and the current securities litigations and SEC actions that are working to vindicate damaged investors and protect them going forward.
Carol Nolan Drake, J.D. - Governance & Stewardship Policy Manager, ICGN, USA
Board oversight of supply chain sustainability
Most companies are not…