Is Self-Regulation in the Modern Era of Gaming Enough? How the ESRB Hopes to Raise Awareness on Loot Boxes, Randomized Items, and other Microtransactions

Earlier this year, the Entertainment Software Rating Board (“ESRB”) assigned a new disclosure for their video game ratings system: “In-Game Purchases (includes Random Items).” The decision stems from public outcry and FTC concerns about gamers, mostly children, being able to easily spend real money for randomized in-game content. But is it enough?

A Cleaner Future for the Shipping Industry

Shipping is the backbone of today’s globalized world and accounts for the carriage of roughly 90% of international trade. Given the sheer number of countries that engage in international shipping, the United Nations created an agency known as the International Maritime Organization (IMO) for regulatory oversight purposes. The IMO subsequently created the International Convention for the Prevention of Pollution from Ships (MARPOL), the most significant international agreement dealing with maritime vessel pollution to date. A predominant responsibility of the IMO is to reduce shipping emissions, seeing as the industry accounts for nearly 3% of global CO2 emissions. Likewise, sulfur emissions are unacceptably high, which has compelled the IMO to take unprecedented steps toward reducing the sulfur content in the grade of fuel oil used by maritime vessels.

Amateur Athletics Governance: Tumbling Over Misconduct Reporting

Congress has enhanced government oversight of amateur sports in response to numerous allegations in recent years targeting amateur sports governing bodies’ failures to address physical and mental misconduct. New legislation is expected to make significant reforms by requiring training, reporting, and a new system to manage allegations of of sexual abuse, among other changes.

Chicago Negotiating ComEd Franchise Agreement Amidst Bribery Investigation

The current franchise agreement between the City of Chicago and Commonwealth Edison (“ComEd”) was signed in 1992 by Mayor Daley and is set to expire at end of 2020. Since 1990, ComEd has generated approximately $60.7 billion in revenue in Chicago alone. In July 2020, Chicago officials announced the results of a feasibility study regarding a potential municipal takeover of ComEd’s electric utility infrastructure. In the same month, ComEd executives admitted to having orchestrated an eight-year bribery scheme where they made payments to Public Official A, later revealed as Illinois House Speaker Mike Madigan, in return for political favors.  

Compliance Spotlight: Lucas Nelson, Medpharm

Lucas Nelson is the General Manager at Medpharm. Medpharm is a vertically integrated cannabis operator based out of Des Moines, Iowa. Medpharm holds two of Iowa’s five dispensary licenses and is the only licensed cultivator. They are one of only two dispensaries currently operating in the state. Mr. Nelson holds a Juris Doctor from Indiana University Maurer School of Law and a Bachelor of Business Administration in Accounting from James Madison University. 

#WFH – Fad or the Future?

There seems to be no end in sight to the various concerns associated with COVID-19, and experts are hesitant to say when and if life as we knew it will ever return to “normal.” As the pandemic persisted, companies large and small quickly realized that jobs we all assumed had to be done in an office, can in fact be done from the comfort of one’s home. #WFH is a trending social media hashtag standing for “work from home,” and posts using this hashtag range anywhere from how to dress comfortably while remaining professional when working from home to setting up the perfect home office. #WFH, however, is not just a social media trend, but a new normal for many Americans as employers were forced to allow their employees to work from home due to health concerns related to COVID-19. This gives rise to questions such as, what about safety and security concerns related to employer data? And, where do employees draw the line between work and home when working from home? While this may be uncharted territory, top researchers say that #WFH may be the next big thing for companies worldwide.

The Future of TikToK

TikTok, a widely popular app Chinese app where anyone can make a short 15 second video and become a TikTok star overnight, has been in the news a lot lately. Today, the future of TikTok being available in America is unknown due to President Trump’s executive order from August 6th, targeting both TikTok and another Chinese social media app, WeChat. Both of these apps are potentially being blocked due to the Trump administration’s national security bans. Not only will this ban effect TikTok’s millions of users, but it will also affect many American companies and individuals who advertise with the platform.

Access Denied: How the City of Chicago’s Built Environment Fails to Meet the Reasonable Accommodation Standard

Most everyone knows how painful a rush hour commute in Chicago can be –– from cramming into packed buses and train cars to navigating construction and busy streets. Now, imagine navigating that same commute without access to your nearest L stop or waiting fifteen minutes for a bus only to find you’ll have to wait for another because there’s a crowd of people standing in the area designated for wheelchair users. This is a reality that many Chicago residents with disabilities must overcome to go about their day-to-day lives. According to a 2018 community survey, over 520,000 Chicagoland residents, about 10.1 percent of the City’s total population, have a disability. Unfortunately, the city of Chicago’s transit system is not adequately accessible for this community.

How Proxy Access for Shareholders Can Hold Corporations Accountable

Proxy access is not about giving shareholder’s rights, it is about checking C-suite power so that everyone wins instead of just the CEOs. Proxy access has the potential to address some of the pressing issues with corporate power. Corporate power and influence are concentrated in the board of directors, proxy access gives shareholders the opportunity to infiltrate this exclusive “inner circle” of power. Shareholder access to the board can push change towards greater diversity in the boardroom and demand greater transparency and compliance.