Warren Buffett’s annual letters to Berkshire shareholders are prized alike by the company’s shareholders and by those who have no connection to the company other than an interest in what Buffett may have to say. Anyone who has followed Buffett’s letters over the years knows that the Berkshire chairman has certain themes to which he returns over and over again. Anyone who wants to assemble a comprehensive view on one of these recurring themes can of course sort through all of the shareholder letters that Buffett has written over the year, from the collection of the letters on the Berkshire website. However, the fact is that sorting through 38 years of letters would be a daunting and difficult task.
Fortunately for anyone interesting in Buffett’s writings and views, there is an excellent resource that organizes essays from over the years into a single volume organized by topic and accompanied by a detailed index. In his book, “The Essays of Warren Buffett: Lessons for Corporate America,” George Washington University Law Professor Lawrence A. Cunningham has done a truly commendable job distilling and organizing the essence of Buffett’s letter to Berkshire shareholders. In conjunction with the 50th anniversary of Berkshire Hathaway under Buffett’s leadership, Cunningham has released an updated Fourth Edition of the book (here), which incorporates selections from Buffett’s most recent shareholder letters into the anthology.
Continue Reading Book Review: Buffett’s Lessons for Corporate America
My European sojourn continued this week with a trip to Paris. I arrived in Paris on Monday morning, just days after the Friday night terrorist attacks. I had been 
The advent of an SEC investigation is a serious and difficult event in the life of any organization, particularly registered-investment advisors. As a result of recent changes at the agency, an SEC investigation may be more difficult than ever for registered-investment advisors. In the following guest post, Ildiko Duckor, Sarah A. Good and Corey Harris of the Pillsbury law firm take a look at the recent changes at the agency, and provide a list of dos and don’ts. A version of this article previously was published as a Pillsbury client alert. 
As I have noted in 
The number of whistleblower reports to the SEC’s Office of the Whistleblower under the Dodd-Frank Act’s whistleblower provisions continues to increase, according to the agency’s latest annual report. The November 16, 2015 report, which is entitled “The 2015 Annual Report to Congress: Dodd-Frank Whistleblower Program,” and which can be found 
The D&O Diary is on assignment in Europe this week, with the first stop over the weekend in London. When I arrived at my hotel on Saturday morning I learned for the first time about the Friday night terrorist attacks in Paris, which had taken place while I was in transit. Since the primary purpose for my trip was to attend meetings this week in Paris (to which I planned to travel next after leaving London), these developments certainly put my trip plans in an entirely different and unsettling light. I spent most of my weekend in London trying to decide whether I should travel on to Paris from London or just return home after the weekend.
The D&O Diary was on assignment last week at the annual 
We are long past the point where cybersecurity can be treated like an emerging, obscure or peripheral issue. The fact is that cybersecurity is now an important concern for every organization and enterprise. For that reason, cybersecurity is also now an important concern for everyone responsible for protecting and guiding those organizations and enterprises, including in particular corporate directors and officers. In the current environment, there is no shortage of advice available for these corporate officials as they seek to understand and fulfill their responsibilities to their organizations. Indeed the sheer volume of information available can be confusing or even overwhelming. Fortunately, there is now a single volume guide available to help corporate directors address their organization’s cybersecurity exposures and needs. The new book by 
The question whether concerns about climate change-related disclosures might lead to regulatory enforcement actions or even liability claims has been