However, she declined to comment on whether punitive action will be taken against potential violators of the bylaws.
Bylaws will be made in council chambers, not Westminster and Whitehall.
If it feels like you're waking up to a slightly different world on Wednesday, then it's because you will be. 1 January is habitually a watershed for new rules, appointments and bylaws; 2014 is no exception.
Xerox's bylaws indemnify its executives for all such charges, so the company will be paying Mr Allaire's $7.6m, as well as the $11.8m that the SEC has demanded from five other Xerox executives.
With directors and officers buying insurance directly, there would be no need for company bylaws to indemnify their mistakes and let them keep the proceeds even of egregious fraud.
Ed Ray, the NCAA's executive committee chair, said they were justified under the NCAA's bylaws regarding integrity and ethical conduct, because of "the conspiracy of silence that was maintained at the highest levels of the university".
Mr Monks, on the other hand, sees the case as a test of whether American authorities can prevent the issuance of securities based on false information.The SEC is also at the heart of another battle over the procedures for changing companies' bylaws on elections to their boards.
The first is a shareholder vote at the general meeting on March 20th to remove provisions in Endesa's bylaws capping any investor's vote at 10%.
Buzzfeed.com, October 12thPhoto op "We're a faith-based organisation; we are apolitical…It's strictly in our bylaws not to do it".
The result may be that outside candidates will seek election only if they are almost certain to win in other words, that little will change.But those who hope it is the start of a positive trend can point to a recent change in corporate law in the state of Delaware, which took effect on August 1st, to make it easier to introduce such reimbursement bylaws.
An attempt in 2003 by William Donaldson, then SEC chairman, to allow shareholders to nominate directors on the company proxy was shelved when bosses objected.Shareholder activists then hit upon a strategy that, it seemed, bosses could not block: voting to change company bylaws to allow contested elections on the official proxy.
