In March 2022, the Securities and Exchange Commission (SEC) proposed sweeping new rules to regulate the disclosures and liabilities associated special purpose acquisition companies (SPACs). The proposing release is available here. The proposals were aimed at enhancing disclosures and
Latest from Securities Law Exchange
SEC Comment Letters to Companies Related to the Financial Impact of Russia-Ukraine Conflict
I recently offered insight for a Wall Street Journal article on the recent request from the Securities and Exchange Commission (SEC) that companies disclose the financial impact of the Russian-Ukraine conflict. Following the sanctions issued against Russia following its invasion
SEC Proposes Amendment to the Shareholder Proposals Rule (14a-8) and Adopts Amendments to Rules Impacting Proxy Advisory Firms
Last week, the Securities and Exchange Commission (SEC) voted 3-2 to take the following actions:
- Propose new amendments to Rule 14a-8, the shareholder proposal rule.
- Adopt new amendments to the rules regarding proxy advisory firms, such as ISS and Glass
Updates to Human Capital Disclosure Requirements
I recently authored an article highlighting the latest updates in human capital disclosure requirements for public companies since the Securities Exchange Commission (SEC) imposed new requirements in late 2020.
While public companies were historically only required to disclose their gross
SEC Announces Spring 2022 Rulemaking Agenda
On June 22, the Securities and Exchange Commission (SEC) released the latest edition of its Reg Flex Agenda, which is essentially the rulemaking calendar for the next year or so. Perhaps the most surprising takeaway is the climate rule
It Happened! ESG Task Force’s First Enforcement Action
In March 2021, the Securities and Exchange Commission’s (SEC) then-acting chair, Allison Herren Lee, announced the creation of an Environmental, Social and Governance (ESG) Task Force within the SEC’s Division of Enforcement. Sanjay Wadhwa, the deputy director of the SEC’s
[WEBINAR] What’s Next in ESG? Understanding the Proposed SEC Climate Change Disclosure Rules
SEC Staff Pushes Back on Adjusting for Normal Recurring “Public Company Expenses”
Along with equal prominence, probably one of the most often non-GAAP comments we see issued by the U.S. Securities and Exchange Commission (SEC) Staff involves its objection to adjustments that it believes substitute individually tailored measurement methods for those of
A Summary of Certain Proxy Advisory Firm and Institutional Investor Board Diversity Policies
Institutional investors and proxy advisory firms continue developing and refining their policies regarding board diversity. While gender diversity on public company boards has been in focus for some time now, institutional investors and proxy advisory firms are also increasingly focusing
2022 Proxy Season Guidance Related to Environmental Disclosures
Corporate Compliance Insights recently published an article I co-authored with Mai-Khoi Nguyen-Thanh, senior counsel of securities & governance at Boston Scientific, discussing the guidance from the 2022 proxy season related to environmental activity and disclosures.