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The new rule will be effective August 1, 2016.

As we have discussed in prior alerts (here and here), expanding boardroom diversity has been a recent focus for many regulators, issuers, shareholders and other stakeholders.

SEC Division of Enforcement (the "Division") Co-Director Steven Peikin recommended the Division consider the efficacy of both monetary and non-monetary penalties on a case-by-case basis, noting that non-monetary relief ...

As previously reported in our advisory, the "Holding Foreign Insiders Accountable Act" (the HFIAA) caused directors and officers of foreign private issuers (FPIs) with equity securities...

On September 27, 2023, the SEC announced a series of enforcement actions against six officers, directors and major stockholders of public companies, as well as five companies...

The staff of the Securities and Exchange Commission ("the Staff") is engaged in a general movement away from taking an event-based reporting approach to compensation disclosures on Form 8-K in favor of taking an annual-based reporting approach.

On July 1, 2009, the Securities and Exchange Commission approved an amendment to New York Stock Exchange (NYSE) Rule 452 that eliminates broker discretionary voting in uncontested director elections.

On March 4, 2020, the SEC issued an exemptive order providing conditional regulatory relief to public companies affected by the recent coronavirus disease 2019 (COVID-19) outbreak.

The Securities and Exchange Commission held a roundtable at the SEC's headquarters in Washington, DC on June 26, 2025 to discuss possible changes to the Commission's requirements...

On October 12, 2018, the staff of the SEC's Division of Investment Management issued a no-action letter to the Independent Directors Council ("IDC") agreeing that the staff will not recommend...

On February 6, 2019, the Division of Corporation Finance (Staff) of the Securities and Exchange Commission published new interpretive guidance regarding board diversity disclosures

The SEC's position is unsettled. However, we believe existing case law suggests that the SEC will have difficulty in court if it decides to use section 20(b) in such an aggressive manner.

One of the toughest challenges many organizations face is recruiting board members

Public benefit corporations are similar to traditional corporations, but they allow for an expanded corporate purpose where the corporation (and its directors) may balance financial and non-financial interests when making decisions.

Amendments to the Virginia Stock Corporation Act (the "Act") have been passed by the 2010 General Assembly and will take effect today, July 1.

Issuers facing threats of securities litigation have been trying to obtain as much certainty as possible concerning their potential exposure in such lawsuits for years.

The SEC is continuing to tie up some loose ends left over from the adoption of the Rule 506(d) bad actor disqualification rules.

Boards of directors should leverage CSR initiatives to mitigate legal, reputational, operational and financial risks, and improve their bottom line.