Across sectors and jurisdictions, the data point to a world facing more frequent and intense physical disruptions. Extreme heat, heavy rainfall, rising sea levels, and prolonged droughts are no longer regional anomalies; they...more
11/12/2025
/ Business Interruption ,
Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Emerging Markets ,
Environmental Social & Governance (ESG) ,
Green Finance ,
Green Infrastructure ,
Infrastructure ,
Infrastructure Financing ,
Investment ,
Investors ,
Risk Management ,
Severe Weather ,
Sustainability
An oil major (“the Company”) filed suit in federal court on October 24, 2025, challenging California’s Climate Laws — the Climate Corporate Data Accountability Act (“SB 253”) and the Climate-Related Financial Risk Act (“SB...more
In a potential watershed moment that could reverberate across companies that have set climate goals or made claims regarding climate ambitions (e.g., “net zero” or carbon neutrality), on October 23, 2025, a European oil major...more
10/28/2025
/ Consumer Protection Laws ,
Energy Sector ,
Enforcement Actions ,
Environmental Claims ,
Environmental Litigation ,
EU ,
Greenhouse Gas Emissions ,
Greenwashing ,
Net Zero ,
Oil & Gas ,
Paris Agreement ,
Popular ,
Sustainability ,
Unfair or Deceptive Trade Practices
On September 30, 2025, U.S. District Judge Reed O’Connor entered final judgment following a bench trial in a class-action lawsuit against American Airlines and its Employee Benefits Committee (the “EBC”), finding the...more
In the latest round of developments regarding California’s Climate Laws—SB 253 and SB 261—the California Air Resources Board (“CARB”) posted a Notice to its website on October 14, 2025, deferring its initial rulemaking on the...more
In this program, our panelists will provide a comprehensive examination of recent SEC developments that shape—and the practical considerations that inform—the preparation of public companies’ annual reports and annual...more
10/15/2025
/ Annual Meeting ,
Annual Reports ,
California ,
Compensation ,
Continuing Legal Education ,
Corporate Governance ,
Disclosure Requirements ,
Enforcement Actions ,
Environmental Social & Governance (ESG) ,
Events ,
Executive Orders ,
Investors ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC) ,
Securities Litigation ,
Shareholder Activism ,
Shareholder Meetings ,
Shareholder Proposals ,
Shareholders ,
Sustainability
The California Air Resources Board (“CARB”) hosted a public workshop on August 21, 2025 to provide information on Senate Bills 253, 261 and 219 (the “California climate laws”) and solicit feedback from consumers and...more
9/26/2025
/ California ,
CARB ,
Climate Change ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Greenhouse Gas Emissions ,
New Guidance ,
New Legislation ,
Public Workshops ,
Regulatory Requirements ,
Reporting Requirements ,
State and Local Government ,
Sustainability ,
Task Force on Climate-related Financial Disclosures (TCFD)
On September 15, 2025, the SEC’s Division of Corporation Finance issued a no-action concurrence letter to Exxon Mobil Corporation (“Exxon”), confirming that it would not recommend enforcement action if Exxon implements its...more
On June 20, 2025, Texas Governor Greg Abbott signed Senate Bill 2337 (“SB 2337”), a novel regulation that will require significant disclosure obligations for proxy advisors, such as ISS and Glass Lewis, for their voting...more
The California Air Resources Board (“CARB”) hosted a public workshop on August 21, 2025 to provide information on Senate Bills 253, 261 and 219 (the “California climate laws”) and solicit feedback from consumers and...more
9/4/2025
/ California ,
CARB ,
Climate Change ,
Disclosure Requirements ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
Greenhouse Gas Emissions ,
New Guidance ,
Regulatory Requirements ,
Reporting Requirements ,
Task Force on Climate-related Financial Disclosures (TCFD)
The California Air Resources Board (“CARB”) hosted a public workshop on August 21, 2025 to provide information on Senate Bills 253, 261 and 219 (the “California climate laws”) and solicit feedback from consumers and...more
8/22/2025
/ Administrative Procedure Act ,
California ,
California Air Resources Board ,
CARB ,
Climate Change ,
Covered Entities ,
Disclosure Requirements ,
Fees ,
Greenhouse Gas Emissions ,
New Guidance ,
Proposed Rules ,
Public Comment ,
Regulatory Requirements ,
Reporting Requirements ,
Rulemaking Process
The 2025 proxy season was marked by policy changes, a shifting regulatory landscape, market volatility and other factors. Our presenters will provide an overview of the material developments and trends that emerged during the...more
On August 13, 2025, the U.S. District Court for the Central District of California denied a motion for preliminary injunction to enjoin California Senate Bills 253 and 261. The Chamber of Commerce and five co-Plaintiffs...more
8/20/2025
/ Appeals ,
California ,
CARB ,
Chamber of Commerce ,
Climate Change ,
Constitutional Challenges ,
Disclosure Requirements ,
Dormant Commerce Clause ,
Environmental Social & Governance (ESG) ,
First Amendment ,
Greenhouse Gas Emissions ,
Investors ,
New Legislation ,
Preliminary Injunctions ,
Reporting Requirements
Corporate boards are no stranger to near-term pressures, but these days the pressures are piling as high as they ever have. Geopolitical tensions and supply-chain disruptions; climate change and technological revolutions;...more
8/19/2025
/ Best Practices ,
Board of Directors ,
Corporate Governance ,
Corporate Social Responsibility ,
Corporate Strategy ,
Environmental Social & Governance (ESG) ,
Fiduciary Duty ,
Risk Management ,
Shareholders ,
Stakeholder Engagement ,
Strategic Planning ,
Sustainability
On July 29, 2025, Attorney General Pam Bondi issued a memorandum offering specific examples of what the U.S. Department of Justice (“DOJ”) considers to be unlawful discriminatory policies and practices under federal civil...more
8/5/2025
/ Anti-Discrimination Policies ,
Department of Justice (DOJ) ,
Diversity and Inclusion Standards (D&I) ,
Employment Discrimination ,
Equal Employment Opportunity Commission (EEOC) ,
Executive Orders ,
False Claims Act (FCA) ,
Federal Contractors ,
Federal Funding ,
Reverse Discrimination ,
Title VII
On June 20, 2025, Texas Governor Greg Abbott signed Senate Bill 2337 (“SB 2337”), a novel regulation that will require significant disclosure obligations for proxy advisors, such as ISS and Glass Lewis, for their voting...more
7/28/2025
/ Constitutional Challenges ,
Corporate Governance ,
Disclosure Requirements ,
Diversity and Inclusion Standards (D&I) ,
Environmental Social & Governance (ESG) ,
First Amendment ,
New Legislation ,
Proxy Advisors ,
Regulatory Requirements ,
Securities Regulation ,
Shareholder Proposals ,
Shareholders ,
Stakeholder Engagement
On June 26, 2025, the U.S. Securities and Exchange Commission (“SEC”) hosted a roundtable on executive compensation disclosure requirements. As noted in prior Insights, the SEC convened the roundtable to evaluate the...more
7/9/2025
/ Board of Directors ,
CEOs ,
Corporate Governance ,
Disclosure Requirements ,
Dodd-Frank ,
Executive Compensation ,
Investment ,
Investors ,
Regulation S-K ,
Regulatory Reform ,
Rulemaking Process ,
SEC Comment Letter Process ,
Securities ,
Securities and Exchange Commission (SEC) ,
Shareholders
On June 20, 2025, Texas Governor Greg Abbott signed Senate Bill 2337 (“SB 2337”), a novel regulation that will require significant disclosure obligations for proxy advisors, such as ISS and Glass Lewis, for their voting...more
7/8/2025
/ Corporate Governance ,
Disclosure Requirements ,
Diversity and Inclusion Standards (D&I) ,
Environmental Social & Governance (ESG) ,
Glass Lewis ,
Governor Abbott ,
Institutional Shareholder Services (ISS) ,
Investment ,
Investors ,
New Legislation ,
Proxy Advisors ,
Publicly-Traded Companies ,
Regulatory Reform ,
Regulatory Requirements ,
Shareholders ,
Texas
As we previously noted last month, the SEC is hosting a roundtable on the executive compensation disclosure requirements on June 26, 2025. In advance of the roundtable, the SEC has finalized and released a detailed agenda and...more
We have seen, a mere few months into President Trump’s second term, a remarkably transformational set of priorities across the federal government, which have had dramatic impacts on the private sector generally and public...more
6/10/2025
/ Affirmative Action ,
Board of Directors ,
Corporate Governance ,
Diversity ,
Executive Orders ,
Federal Funding ,
Greenwashing ,
Inflation Reduction Act (IRA) ,
International Trade ,
Investors ,
Judicial Authority ,
Proxy Advisors ,
Publicly-Traded Companies ,
Regulatory Agenda ,
Regulatory Reform ,
Risk Management ,
Supply Chain ,
Tariffs ,
Tortious Interference ,
Trump Administration ,
US Trade Policies
The U.S. Securities and Exchange Commission (“SEC”) recently issued a press release announcing that it will host a public roundtable on June 26, 2025, to discuss executive compensation disclosure requirements. The event will...more
On May 1, 2025, the federal government brought separate suits against both New York and Vermont alleging that these state’s “climate Superfund” statutes are unconstitutional on multiple grounds. In two nearly identical...more
On April 8, 2025, President Trump issued an Executive Order titled “Protecting American Energy From State Overreach” (the “Executive Order”), which directs the United States Attorney General to identify and halt the...more
In a move that perhaps comes as no surprise, on March 27, 2025, the Securities and Exchange Commission (“SEC” or “the Commission”) issued Press Release 2025-58 announcing it had voted to end its defense of its climate-related...more
As we previously discussed and in alignment with the U.S. Treasury Department’s previous announcement, on March 21, 2025, the Financial Crimes Enforcement Network (“FinCEN”) issued an interim final rule that dramatically...more