On August 18, 2026, the Financial Accounting Standards Board (“FASB”) issued a proposed accounting standards update (“ASU”) titled Statement of Cash Flows (Topic 230): Cash Equivalents—Disclosure Enhancement and Evaluation of Certain Digital Assets. The proposed ASU seeks to clarify whether
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House Bill Would Deliver Class-Level Transparency on Proxy Votes
Recently, Rep. Sean Casten (D-Ill.) introduced the Multi-Class Stock Company Voting Transparency Act, which directs the Securities and Exchange Commission (“SEC”) to improve the transparency of voting results at companies with multi-share classes and strengthen the quality of information available
More Tools in the Liability Management Toolbox
As a result of recent Securities and Exchange Commission staff relief, companies, their management teams and boards now have enhanced flexibility in connection with a range of liability management transactions, from equity repurchases, refinancing outstanding debt securities through exchange or
NYSE Proposes Extending Internal Audit Function Transition Period from One Year to Five Years
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
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
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
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
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