On August 13, 2026, the Securities and Exchange Commission (“SEC”) published notice of a proposed rule change (SR-NYSE-2026-37) by the New York Stock Exchange (“NYSE”) to amend Sections 303A.00 and 303A.07 of the NYSE Listed Company Manual to
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 - Page 2
New SEC Unit Focused on Financial Reporting and Auditing
Recently, the Securities and Exchange Commission announced the formation of a new unit within the Division of Enforcement, which will focus on accounting and financial reporting related issues. This group, the Financial Reporting and Accounting Unit, replaces the SOX Group. …
SEC Announces Decision to Stop Responding to Rule 14a-8 No Action Requests
By Liz Walsh
Taking a step that many in the securities regulatory world predicted, on August 14, 2026, the U.S. Securities and Exchange Commission’s Division of Corporation Finance (the “Division”) announced it would no longer respond to requests from companies to exclude shareholder…
California Climate Disclosure Laws — CARB Finalizes Its Initial Rulemaking, Resets the 2026 Deadline, and Previews the 2027 Framework
California’s climate disclosure regime continues to evolve rapidly, with significant regulatory developments, implementation guidance, and litigation affecting the compliance landscape for companies doing business in California. There have been several important developments regarding implementation of California’s landmark climate-disclosure statutes—SB 253…
SEC Stays Nasdaq’s New $5 Million MVLS Listing Standard Pending Commission Review
By Ali Perry
On July 29, 2026, the Securities and Exchange Commission (“SEC”) announced that it stayed its July 22, 2026 order (Release No. 34-105971) approving The Nasdaq Stock Market LLC’s (“Nasdaq’s”) rule proposal to adopt a new continued listing standard…
Chair Atkins Addresses Materiality and Shareholder Proposal Reform
By Hema Gharia
Speaking at the Society for Corporate Governance Conference in Nashville earlier this month, Securities and Exchange Commission (“SEC”) Chair Paul Atkins addressed two major themes for public companies: restoring materiality as the foundation of public company disclosure and reconsidering the…
European Commission Adopts Revised European Sustainability Reporting Standards
On 3 July 2026, the European Commission (“EC”) adopted revised European Sustainability Reporting Standards (“ESRS”) and, for smaller companies, a voluntary reporting standard.
The revised ESRS are intended to simplify sustainability reporting under the EU Corporate Sustainability Reporting Directive. The…
Foreign Private Issuers in 2026: Times are Changing
For decades, U.S. securities regulation treated foreign private issuers (“FPIs”) with ‘home country deference,’ offering accommodations based on the premise that robust local oversight rendered many U.S. requirements duplicative. Over time, however, that premise has begun giving way to ‘domestication’:…
ESG and Anti-ESG Shareholder Proposals in 2026
In many ways, the 2026 proxy season has been markedly different than prior seasons, due, in no small part, to the November 2025 decision by the U.S. Securities and Exchange Commission (“SEC”) Staff not to provide substantive guidance on the…
The 2026 Proxy Season: Shareholder Proposal Trends
The 2026 proxy season thus far has been out-of-the-ordinary, impacted by regulatory and policy developments that required companies and shareholders to adapt their shareholder proposal and engagement strategies. As a result of these unusual circumstances, particularly when coupled with uncertainty…