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State of OregonDepartment of Environmental QualityMemorandumDate:July 5, 2021To:Environmental Quality CommissionFrom:Leah Feldon, Deputy DirectorSubject:Item E: Renew Memorandum of Understanding between
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Insider chosen to lead refers to an individual who is appointed by an organization, often a public company, to serve as a point of contact for insider trading regulations and compliance.
Individuals within a company who have access to non-public, material information about the company are required to file under the insider chosen to lead provisions.
To fill out the insider chosen to lead, an individual must complete the relevant forms provided by regulatory agencies, detailing their insider status and any material trades made.
The purpose of insider chosen to lead is to ensure transparency in trading practices and to prevent insider trading by monitoring those with access to sensitive information.
Information that must be reported includes the individual's relationship to the company, the nature of the insider information, and details of any trades made based on that information.
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