A few days ago, as noted in this press release, the ISSB released its initial climate disclosure standards. Two standards were released: IFRS S1 provides a general set of disclosure requirements designed to enable companies to communicate to investors about the sustainability-related risks and opportunities – including addressing governance, strategy, risk management and performance
Quick Alerts
Ten Considerations for Developing an Effective Generative AI Use Policy
Here’s the intro to our Client Update that then lays out 10 considerations for developing a generative AI use policy:
“This year’s news has been full of stories about “generative” artificial intelligence (AI) applications. Generative AI tools create code, text, images, and other content in response to text prompts, queries, and other inputs. These tools…
The SEC’s Climate Disclosure Rules: Coming This Fall?
The SEC is once again pushing back its anticipated timing for adopting final climate rules. The agency’s latest Reg Flex Agenda was just released, extending the timing for the climate disclosure rules among several other rulemakings that were pushed from this past April to October 2023:
SEC Approves NYSE and Nasdaq Amendments to Extend Clawback Effective Date!
As expected, the SEC issued notices on Friday to approve the amendments proposed by the NYSE (see that order) and the Nasdaq (see that order) so that the exchanges’ clawback listing standards now have an effective date of October 2, 2023 – meaning that companies have until December 1, 2023 to adopt compliant…
NYSE and Nasdaq Amend Proposed Listing Standards to Extend Clawback Effective Date!
We continue our coverage of the ongoing saga of when NYSE and Nasdaq-listed companies will be required to comply with the new clawback policies listing standards.
The NYSE and Nasdaq have filed amendments to their clawback listing standards this week (here’s the NYSE’s amendment —– and here’s the Nasdaq’s amendment) —– and if they…
California’s “Underrepresented Communities” Board Diversity Law Struck Down in Federal Court
The last few years, we’ve been reporting about the numerous challenges to California’s board gender diversity statute (known as SB 826) and the board diversity statute regarding “underrepresented communities” (known as AB 979). As we blogged last year, the plaintiffs won two state court cases on state constitutional grounds – in Crest v. Padilla I…
8 Things to Know Right Now
Here’s a new monthly feature for you – a quick snapshot of recent developments:
Rule 10b5-1 Plans: Corp Fin Issues Three CDIs
Last week, Corp Fin issued Exchange Act Rules CDIs to address a few outstanding implementation questions for the new Rule 10b5-1 amendments.
The first two deal with the compliance dates. Importantly, these CDIs clarify that, while the new quarterly reporting requirements regarding adoption and termination of Rule 10b5-1 plans will be required in the near…
Supreme Court to Review Critical Case on Deference to Administrative Agencies
Here’s an excerpt from this Client Update penned by Michael Huston, Eric Wolff, and Stephanie Olson:
“The Supreme Court of the United States has agreed to review a case taking direct aim at “overregulation” by federal administrative agencies. Any client or business that routinely deals with federal administrative agencies, especially those that have experienced administrative…
State Street and BlackRock Provide Some Guidance (& State Street Expands Voting Choice)
As the proxy season barrels into its waning days, we have been getting a flurry of guidance from some of the larger institutional investors, including:
1. State Street’s Press Release on Extending Proxy Voting Choice to ETFs and Mutual Funds – State Street is extending proxy voting choice to ETF and mutual funds. The program…