Our recent Client Alert discusses two climate bills approved this week by the California legislature, Senate Bill 253, the Climate Corporate Data Accountability Act (SB 253), and Senate Bill 261, Greenhouse gases: climate-related financial risk (SB 261), which are headed to Governor Gavin Newsom to sign or veto by October
Continue Reading California Legislature Passes Climate BillsWilson Sonsini
Corp Fin Posts Sample Comment Letter Regarding XBRL Disclosures
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On September 7, 2023, the U.S. Securities and Exchange Commission’s (SEC’s) Division of Corporation Finance (Corp Fin) issued guidance on XBRL disclosures in the form of a Sample Letter to Companies Regarding Their XBRL Disclosures.…
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Inside Today’s Boardrooms | 2023 Proxy Season and Regulatory Recap
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Partner Tamara Brightwell recently joined the Diligent Institute to discuss the 2023 proxy season and recent regulatory developments at the SEC. She discussed a broad range of topics, including takeaways from this past proxy season, the SEC’s new cybersecurity disclosure rules, and considerations for public company boards in light of…
Continue Reading Inside Today’s Boardrooms | 2023 Proxy Season and Regulatory RecapISS Launches Annual Benchmark Policy Survey
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On August 29, 2023, Institutional Shareholder Services Inc. (ISS) announced the launch of its Annual Benchmark Policy Survey. The survey results will inform ISS’s policy development for 2024 and beyond.…
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Corp Fin Issues New CDIs on Rule 10b5-1 Plans and Related Disclosures
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On August 25, 2023, the U.S. Securities and Exchange Commission’s Division of Corporation Finance (Corp Fin) issued five new Compliance and Disclosure Interpretations (CDIs) relating to Rule 10b5-1 trading arrangements. Three of the CDIs provide clarification on the recent amendments to Rule 10b5-1, and the other two CDIs relate to the new quarterly disclosure requirements for Rule 10b5-1 plans. The full text of the CDIs is set forth in the Appendix below.…
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SEC Announces Increase in Registration Fee Rates Effective October 1, 2023
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On August 25, 2023, the U.S. Securities and Exchange Commission (SEC) announced an increase in the fees that public companies and other issuers will be required to pay to register their securities, from $110.20 per million dollars to $147.60 per million dollars. This new fee rate will be effective October…
Continue Reading SEC Announces Increase in Registration Fee Rates Effective October 1, 2023Lessons from the 2023 Proxy Season: Advance Notice Bylaws and Officer Exculpation
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Our recent Client Alert takes a fresh look at bylaw and charter amendments at the Silicon Valley 150 during the 2023 proxy season to better understand how companies are addressing new Rule 14a-19, which mandates the use of a universal proxy card in contested elections, as well as the recent…
Continue Reading Lessons from the 2023 Proxy Season: Advance Notice Bylaws and Officer ExculpationWebinar Alert | College for Clients: Employee Equity Fundamentals – Public Companies, August 24, 2023
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Women Governance Trailblazers | Amy Simmerman
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Partner and Editorial Board member Amy Simmerman recently joined Courtney Kamlet and Liz Dunshee on the Women Governance Trailblazers podcast. Amy provided insights on a broad range of governance topics including, among others, considerations for boards as they navigate both the rise in stakeholder capitalism as well as environmental, social…
Continue Reading Women Governance Trailblazers | Amy SimmermanSEC Adopts Cybersecurity Disclosure Rules
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On July 26, 2023, the U.S. Securities and Exchange Commission (SEC) announced that it adopted final rules requiring disclosure by public companies of material cybersecurity incidents in a Current Report on Form 8-K, and of material information regarding their cybersecurity risk management, strategy, and governance in an Annual Report on…
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