On October 8, 2026, the Securities and Exchange Commission’s Division of Corporation Finance (the “Division”) published two new Corporation Finance Interpretations, or CFIs, addressing retail voting programs. Retail voting has been a popular topic for the Division lately, including two
Across The Board
Keeping companies and their boards a step ahead.
Across The Board, published by Mayer Brown, covers a broad range of corporate and securities law topics with a focus on regulatory developments affecting public companies and foreign private issuers. The blog addresses issues such as SEC disclosure requirements, proxy advisory firm regulations, shareholder voting guidelines, and legislative changes impacting corporate governance. It also discusses trends in areas like environmental, social, and governance (ESG) policies, diversity, equity, and inclusion (DEI), cybersecurity, artificial intelligence, and financial reporting. The content is aimed at helping corporations, financial institutions, and legal professionals navigate complex compliance and disclosure obligations in the evolving regulatory landscape.
Latest from Across The Board
Nasdaq Eliminates Sub-$4 Initial Listing Path on the Nasdaq Capital Market
On October 7, 2026, the Securities and Exchange Commission (the “SEC”) posted notice of Nasdaq’s proposed rule change (File No. SR-NASDAQ-2026-082) to amend Nasdaq Listing Rule 5505 to require a minimum $4 price in all instances for initial listings on…
SEC Gives the Greenlight to Retail Investor Voting Programs
The Office of Mergers and Acquisitions in Securities and Exchange Commission’s (the “Commission”) Division of Corporation Finance recently published two no-action letters agreeing not to recommend enforcement action related to certain Exchange Act rules as applied to retail investor voting…
Glass Lewis Shifts to Multi-Perspective Research Model: What Corporate Issuers Need to Know
SEC Proposes Modernization of Proxy Solicitation Rules
On September 16, 2026, the Securities and Exchange Commission (the “SEC”) proposed amendments to modernize the proxy solicitation rules (Release Nos. 33-11439; 34-106385; File No. S7-2026-33) under Regulation 14A of the Securities Exchange Act of 1934, as amended (the “Exchange…
SEC Proposes to Rescind Rule 14a-8: Another Nail in the Coffin for Shareholder Proposals?
In an awaited but not surprising proposing release, on September 16, 2026, the Securities and Exchange Commission (the “SEC” or the “Commission”) proposed rescinding Rule 14a-8 under the Securities Exchange Act of 1934, as amended, which governs the processes under…
SEC Proposes Rules Rescinding Federal Regulation of Shareholder Proposals and Modernizing Proxy Solicitations
On September 16, 2026, the Securities and Exchange Commission (the “Commission”) proposed two sets of amendments to the federal proxy rules under Regulation 14A of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The first proposal would…
New Schedule 13D and 13G CFIs Aim to Clarify the Impact of Communications Between Issuers and Investors
In February 2025, the Securities and Exchange Commission’s Division of Corporation Finance published two new Corporation Finance Interpretations (“CFIs,” or CDIs, as they were known at the time) relating to when beneficial ownership of a reporting company’s securities must be…
The Risks of Designated Directorships—Current Guidance for Directors and Those Who Appoint Them
Many stockholders or classes of stockholders hold rights to appoint individuals to serve as directors on corporate boards. Recent Delaware Chancery Court opinions highlight the risk of liability for designated directors and the stockholders who appoint them. This Legal Update…
SEC and FDA Enter Into Memorandum of Understanding to Enhance Interagency Cooperation
On August 31, 2026, the Securities and Exchange Commission announced that it entered into a Memorandum of Understanding (“MOU”) with the Food and Drug Administration (“FDA”) to create a framework to support the exchange of information between the two agencies…