On September 2, 2026, the staff of the Division of Corporation Finance published three new Corporation Finance Interpretations (CFIs) clarifying when a shareholder’s engagement with an issuer will not disqualify the shareholder from reporting beneficial ownership on the short-form Schedule 13G.

Shareholders filing a Schedule 13G in reliance on Rule…

Continue Reading Corp Fin Adds Three CFIs on Shareholder Engagement and Schedule 13G Eligibility

On August 21, 2026, the U.S. Securities and Exchange Commission (SEC) announced a decrease in the fees that public companies and other issuers will be required to pay to register their securities, from $138.10 per million dollars to $87.00 per million dollars, a 37 percent decrease. This new fee rate…

Continue Reading SEC Announces 37% Decrease in Registration Fee Rates Effective October 1, 2026

Our recent Client Alert provides an update on the status of California’s climate disclosure laws including the California Air Resources Board’s (CARB’s) plan to defer the SB 253 deadline for reporting Scope 1 and Scope 2 greenhouse gas emissions from August 10, 2026, to November 10, 2026. In addition to deferring the deadline, CARB will propose limited changes to the regulation to clarify certain requirements.

Continue Reading Status of California Climate Laws: Deadline for SB 253 Reporting Delayed Until November; SB 261 Remains Stayed

On July 21, 2026, ISS STOXX Governance (ISS) announced the launch of its 2026 Annual Global Benchmark Policy Survey. The survey results will inform ISS’s policy development for 2027 and beyond. For the U.S. market, the survey solicits views on director tenure and independence, reincorporations and changes to governing documents, perpetual adverse vote recommendations tied to problematic governance provisions, the prospect of semiannual financial reporting, board responsiveness where no say-on-pay vote is on the ballot, disclosure of long-term incentive performance goals, and discretionary bonus programs at financial services companies. Across all markets, the survey solicits views on slate board elections, director accountability where companies reduce or withdraw climate-related disclosures, and the use of recognized frameworks for nature-related risk disclosure.[1]

Continue Reading ISS Announces Launch of 2026 Annual Global Benchmark Policy Survey

On July 16, 2026, the U.S. Securities and Exchange Commission (the SEC or the Commission) proposed Regulation E-Delivery (Reg E-Delivery), a new framework that would permit issuers and market intermediaries to deliver required disclosures and reports electronically as the default method, without first obtaining a recipient’s affirmative consent. The proposal would generally supersede the Commission’s decades-old, guidance-based “opt-in” approach to electronic delivery with a codified rule set (proposed 17 CFR 303.100 through 303.104), and would make conforming amendments to the proxy rules (Regulations 14A and 14C), the third-party tender offer rules (Rule 14d-5), and the registered fund shareholder report rule (Rule 30e-3, which would be rescinded). Comments are due 60 days after publication in the Federal Register.

Continue Reading SEC Proposes Regulation E-Delivery: What This Could Mean for Delivery of Your Proxy Materials

On July 3, 2026, the Office of Information and Regulatory Affairs, part of the White House’s Office of Management and Budget, released its 2026 Regulatory Plan. Included in the release is a Statement of Regulatory Priorities for Fiscal Year 2026 from the U.S. Securities and Exchange Commission (SEC or…

Continue Reading Updated SEC Rulemaking Agenda Published

On June 15, 2026, the Delaware Court of Chancery issued an Opinion interpreting Section 144 of the DGCL, the landmark statutory measure adopted last year to provide safe harbors for certain conflicted transactions and address director independence, among other reforms. Our recent Client Alert discusses the Opinion, which applies, for…

Continue Reading Delaware Court of Chancery Interprets Amended Section 144 and Applies Heightened Presumption of Director Independence

In remarks delivered on May 26, 2026, at the Stanford Rock Center for Corporate Governance, U.S. Securities and Exchange Commission (Commission or SEC) Chairman Paul S. Atkins expressly invited public input on how the Commission should improve and modernize the IPO process. The remarks indicate that the Commission is prepared to consider whether long-standing rules governing offering communications, routes to the public markets, and disclosure obligations continue to serve capital formation efficiently in the current market environment.

Continue Reading SEC Chairman Invites Comment on Modernizing the IPO Process

On May 29, 2026, the U.S. Securities and Exchange Commission issued a proposal to rescind, in its entirety, the climate disclosure rules it adopted in March 2024.[1] While the Commission’s proposal contemplates complete rescission of the climate disclosure rules, it also solicits comment on potential alternatives short of full…

Continue Reading SEC Proposes to Rescind Climate Disclosure Rules

On May 20, 2026, the U.S. Securities and Exchange Commission issued an exemptive order relieving directors and officers of certain foreign private issuers (FPIs) from the Section 16(a) reporting requirements of the Securities Exchange Act of 1934 (Exchange Act). Building on its March 5, 2026 exemptive order, the Commission…

Continue Reading SEC Adds New Jurisdictions to FPI Section 16(a) Relief: Australia, India, and Singapore