On September 12, 2025, the U.S. Court of Appeals for the Eighth Circuit issued an order to hold the petitions challenging the SEC’s climate disclosure rules in abeyance, pending further action from the SEC. The order follows the SEC’s July 23, 2025, status report, which stated that the SEC does
Continue Reading Eighth Circuit Pauses SEC Climate Disclosure Rule LitigationWilson Sonsini
SEC Names New Corp Fin Director
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On September 10, 2025, the SEC announced that James J. Moloney has been named Director of the Division of Corporation Finance, effective in October. Among other things, Moloney will work to advance several of the rulemaking priorities outlined in the SEC’s Spring 2025 Regulatory Agenda (agenda), particularly those affecting public…
Continue Reading SEC Names New Corp Fin DirectorTakeaways from CARB’s Workshop on California’s Corporate Greenhouse Gas Reporting Program
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Our recent Client Alert provides a useful summary of the current state of play regarding the development of California’s corporate greenhouse gas reporting and climate-related financial risk disclosure programs (CA Climate Disclosure Laws). In late August, the California Air Resources Board, or CARB, held its second virtual public workshop as…
Continue Reading Takeaways from CARB’s Workshop on California’s Corporate Greenhouse Gas Reporting ProgramSEC Announces Release of Spring 2025 Regulatory Agenda
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On September 4, 2025, SEC Chairman Paul S. Atkins announced the release of the SEC’s Spring 2025 Regulatory Agenda, which outlines the SEC’s planned regulatory actions through Spring 2026. Among other things, the agenda includes several “deregulatory rule proposals” designed to reduce compliance burdens and increase access to capital…
Continue Reading SEC Announces Release of Spring 2025 Regulatory AgendaSEC Announces Decrease in Registration Fee Rates Effective October 1, 2025
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On August 25, 2025, 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 $153.10 per million dollars to $138.10 per million dollars, a nearly 10 percent decrease. This new fee…
Continue Reading SEC Announces Decrease in Registration Fee Rates Effective October 1, 2025CARB to Host Public Workshop on Implementation of California Climate Disclosure Laws
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On August 7, 2025, the California Air Resources Board (CARB) announced that it will hold a virtual public workshop on Thursday, August 21, 2025, from 9:30 a.m. to 12:30 p.m. Pacific Time “to support the development of California’s Corporate Greenhouse Gas Reporting Program.” This reporting program was established by Senate…
Continue Reading CARB to Host Public Workshop on Implementation of California Climate Disclosure LawsGlass Lewis Launches 2025 Policy Survey
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Glass Lewis recently announced the opening of its 2025 Policy Survey. The survey seeks input on several key governance topics including board diversity, executive compensation, ESG considerations, shareholder rights, and emerging issues such as AI standards and changes in engagement practices as a result of recent updates to the SEC’s…
Continue Reading Glass Lewis Launches 2025 Policy SurveyPreparing for SB 261: Climate-Related Financial Risk Disclosure Reports Due by January 1, 2026, for Covered Companies
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Our recent Client Alert provides an important update on SB 261, California’s Climate-Related Financial Risk Act. The California Air Resources Board (CARB), the regulatory entity empowered to implement SB 261, held a virtual public workshop in May 2025 and released FAQs in July 2025, to help companies prepare for compliance.
Continue Reading Preparing for SB 261: Climate-Related Financial Risk Disclosure Reports Due by January 1, 2026, for Covered CompaniesISS Launches Annual Benchmark Policy Survey
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On July 24, 2025, Institutional Shareholder Services Inc. (ISS) announced the launch of its Annual Benchmark Policy Survey. The survey results will inform ISS’s policy development for 2026 and beyond. For the U.S. market, the survey solicits views on shareholder proposals, shareholder rights, board diversity and DEI, and non-executive director pay. Across all markets, the survey solicits views on multi-class capital structures, director overboarding, AI governance and risk management, and time-based versus performance-based long term executive incentives.
Continue Reading ISS Launches Annual Benchmark Policy SurveySEC Requests Eighth Circuit Decide Climate Rules Litigation
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On July 23, 2025, the U.S. Securities and Exchange Commission submitted a status report to the U.S. Court of Appeals for the Eighth Circuit regarding the final climate-related disclosure rules. According to the status report, the SEC does not intend to review or rescind the rules “at this time,”…
Continue Reading SEC Requests Eighth Circuit Decide Climate Rules Litigation