Tuesday, at the CNBC Financial Advisor Summit, SEC Chair Jay Clayton was interviewed by CNBC's Bob Pisani, touching on a variety of issues, including SPACs, proposed changes to Form 13F, ESG ratings ...
Troutman Pepper Hamilton Sanders
With a hot national spotlight on issues of racial diversity, equality, and inclusion, the composition of corporate boards of directors is facing increased scrutiny from the American public,...
Groom Law Group
On September 4, 2020, the Department of Labor published a proposed regulation related to proxy voting and the exercise of certain shareholder rights by fiduciaries for plans subject to the Employee Retirement Income Security Act of 1974, as amended.
Last week, ISS released for public comment a number of proposed voting policy changes to be applied for shareholder meetings taking place on or after February 1, 2021.
On October 6, 2020, the New York Stock Exchange ("NYSE") filed a proposed rule amendment in order to seek approval to amend certain of the shareholder approval requirements set forth...
Jeffer Mangels Butler & Mitchell LLP
The coronavirus pandemic has upended many sectors of the economy in unprecedented ways. Supply chains are disrupted. Businesses that rely on face to face interaction with their customers...
Fenwick & West LLP
In a move that continues California's push for increased diversity on corporate boards, Governor Gavin Newsom on September 30, 2020...
On October 8, 2020, the US Court of Appeals for the Ninth Circuit reversed the dismissal of a securities fraud class action suit against San Diego-based BofI Holding, Inc., now known as Axos Bank.
Buchanan Ingersoll & Rooney PC
Private equity (PE) remains very active in purchasing physicians' private practices, but when acquisition activity is as high as it is now, ...
Fenwick & West LLP
Special purpose acquisition companies (SPACs) are increasingly being used as an alternate vehicle to traditional initial public offerings.
Back in January, in Davos, the World Economic Forum International Business Council— a group of 120 of the largest businesses—together with the Big Four accounting firms, announced a new initiative...
Entrepreneurs rarely choose to embark on their start-up journey without a partner. Two heads are usually better than one when it comes to managing the risks, challenges, and opportunities a new...
Cahill Gordon & Reindel LLP
On September 23, 2020, the Securities and Exchange Commission (the "SEC") voted to adopt amendments (the "Final Amendments") to Rule 14a-8 under the Securities Exchange Act of...
Gibson, Dunn & Crutcher
This Client Alert provides an update on shareholder activism activity involving NYSE- and Nasdaq-listed companies with equity market capitalizations in excess of $1 billion...
SEC Commissioner Allison Lee has been speaking up quite a bit recently about diversity and inclusion and about climate change—and not just at SEC open meetings.
On October 8, 2020, the staff of the SEC's Division of Corporation Finance spoke at PLI's The SEC Speaks in 2020 program, providing insights on recent developments, rulemakings, guidance and initiatives.
Ropes & Gray LLP
The following summarizes recent legal developments of note affecting the mutual fund/investment management industry...
With the wildly successful exits for shareholders at Spotify Technology SA and Slack Technologies Inc. via direct listings on the New York Stock Exchange, and with Asana Inc.'s direct listing now in process.
These days, businesses that are quickly growing don't necessarily know the ‘do's and don'ts' of expanding into new jurisdictions. In this post,...
Shearman & Sterling LLP
Incentive compensation has long been a board's primary tool to ensure the interests of management are aligned with the interests of its shareholders.