Effective March 18, 2026, foreign private issuers, or FPIs, will be subject to the reporting requirements under Section 16(a) of the Securities Exchange Act of 1934. Below, we outline what this means for FPIs, their officer and directors, and how
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.
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Getting on Board Training Program: Financial Statement Fraud in Focus: A Board Oversight Imperative
Webinar | February 3, 20268:30 a.m. – 9:30 a.m. ETRegister here.
Economic and regulatory disruption has intensified financial reporting risk, fraud exposure, and restatement scrutiny raising the bar for board and audit committee oversight. This session highlights where directors…
Good Stories
The Shareholder Proposal Process: A New Survey Provides Insights
A new large-scale survey released just last week by the John L. Weinberg Center for Corporate Governance at the University of Delaware offers important insights into the shareholder proposal process under SEC Rule 14a-8 from various different perspectives. The survey…
Capital Markets Insight: Reincorporation Considerations
Since mid-2024, the reincorporation of certain high-profile companies, both public and private, has received a great deal of media attention. Companies, including, among others, Roblox, Dropbox, The Trade Desk, Simon Property Group, Coinbase, Tesla, and Trump Media & Technology Group…
New Proxy Advisor Developments
With each passing day, the 2026 proxy season gets more interesting (and not in a positive way for proxy advisory firms). On December 8, 2025, the Trump administration issued an executive order (the “Executive Order”) addressing the influence that proxy…
Board Practices Quarterly: Board Oversight of Geopolitical Risk
Guest post by The Society for Corporate GovernanceGeopolitical events can quickly disrupt operations, supply chains, and market access, posing significant risks to business continuity and growth. By actively monitoring and understanding these risks, boards can help guide management in…
A (Very) Early Look at No Action Letters under Rule 14a-8
On November 17, 2025, the Divisions of Corporation Finance and Investment Management (together, the “Divisions”) of the U.S. Securities and Exchange Commission (the “SEC”) published a statement (the “Statement”) regarding their respective reviews of requests to exclude shareholder proposals from…
2026 SEC Filing Deadlines and Financial Statement Staleness Dates
This Legal Update summarizes the US Securities and Exchange Commission’s 2026 calendar year filing deadlines and financial statement staleness dates.
Continue reading this Legal Update.
National Defense Spending Bill Expands Section 16(a) Disclosure Requirements to Foreign Private Issuers
Update: The National Defense Authorization Act for Fiscal Year 2026 was signed into law on December 18, 2025. As a result, the new Section 16(a) reporting requirement for directors and officers of foreign private issuers will take effect on March…
