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The Compensation Clawback Rules: The Rules That Haven’t Changed Much of Anything

Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 required the Securities and Exchange Commission (SEC) to issue rules mandating the recovery of incentive-based compensation in the case of a...more

Quarterly Quiet Periods: Myths versus Risk Mitigation

Quiet periods aren’t legal mandates for quarterly earnings—but they’ve become a cornerstone of disciplined disclosure practice....more

The End of Private Securities Litigation? The SEC’s New Arbitration Policy and D&O Insurance Impacts

On September 17, 2025, the US Securities and Exchange Commission (SEC) issued a policy statement with potentially far-reaching consequences for corporate governance, securities litigation, and directors and officers (D&O)...more

D&O Looking Ahead: D&O Considerations for 2026

1.0 D&O Market Update - 1.1 Rates for Public Companies - The directors & officers (D&O) insurance marketplace alternates between hard, soft, and stable cycles over time. Depending on the year, various factors dominate...more

The Corporate Guidance Tightrope: Balancing Transparency & Risk

For US-listed public companies, issuing corporate guidance can feel routine—until it isn’t. One overly rosy forecast or offhand comment on an earnings call can turn into plaintiffs’ or regulators’ Exhibit A. For companies...more

Officer Exculpation in 2025: What the Latest Vote Results Tell Us

With Delaware’s officer exculpation law now in its third proxy season, how are companies faring at the ballot box? In this week’s blog, my colleague Lenin Lopez offers insight into what’s working, what’s not, and how...more

Signed, Sealed…but Contaminated: Mitigating Environmental Risks in M&A

Environmental-related risks in merger and acquisition (M&A) transactions shouldn’t just be a technical concern for legal and compliance teams—they should also be a board-level consideration. Whether stemming from legacy...more

Cracks in the Boardroom: Governance Lessons from a High-Profile Public Company Director Exit

Most director resignations are routine affairs, but that was not the case with a recent and very public director resignation. This resignation and others like it may serve as a cautionary tale for any board. In this week’s...more

Misinformation as a Material Risk: Governance, Response, and Insurance Considerations

The spread of misinformation goes beyond public relations and poses a real risk to business operations. Whether it's inaccurate information shared on social media, mischaracterizations in mainstream news or podcasts, or...more

What You Don’t Disclose Can Hurt You: The Power of Proactive Risk Factor Disclosures

With evolving regulations and emerging risks—including tariffs, DEI-related controversies, and cybersecurity concerns—some public companies are refining their approach to assessing and updating risk factor disclosures. Beyond...more

AI Agents: Automating Success or Fast-Tracking Corporate Liability?

Autonomous agents, agentic artificial intelligence (AI), or AI agents seem to be all the rage lately. Most recently, Salesforce CEO Marc Benioff was quoted as saying that today’s CEOs will be the last to lead all-human...more

Calm Before the Storm: Building Crisis Resilience for Boards and Management Teams

Corporate crises happen—and that means we have to plan for them. While it isn’t practical to prepare for every possible corporate crisis, there are steps that boards and management teams can take to be better prepared. In...more

Managing Through Financial Distress: The Board’s Oversight Role and Protecting Against Litigation

When a public company faces significant financial challenges and uncertainty, the pressure on management teams and boards of directors to make the “right” decisions intensifies. If those financial challenges are not...more

When Friendships Cross the Line: The SEC’s Stand on Director Conflicts

Corporate boards continue to find themselves the subject of scrutiny by plaintiffs’ attorneys alleging violations of fiduciary duties—specifically as a function of a lack of independence—after a significant board decision....more

Clawbacks Can’t Touch This: Executives, Protect Your Pay with Clawback Insurance

It’s been a year since the SEC’s compensation clawback rules took effect. Since then, US-listed public companies have implemented compliant compensation clawback policies that require executive officers to pay back...more

Close, but No Cigar: Ensuring Accuracy in Public Disclosures

A recent enforcement action by the Securities and Exchange Commission (SEC) highlights the risks companies face when public disclosures may be viewed as misleading or fail to account for updated information....more

Leveraging Advisory Boards: A Solution for Public Companies

Public companies are under immense pressure to stay ahead of emerging trends, navigate increasingly complex regulations, and meet investor and other stakeholder demands. The expertise required to address these challenges is...more

Running to Stand Still: Practical Cybersecurity Governance Considerations for Boards and Management Teams

It’s obvious that strong cybersecurity governance should help to reduce a company’s risk of succumbing to a cybersecurity incident or being significantly impacted should one materialize. One major challenge: determining what...more

The Plaintiffs' Bar’s Shiny New Object Loses Its Luster: Advance Notice Bylaw Provisions

In 2021, the Securities and Exchange Commission (SEC) adopted final rules that made it easier for shareholders, including activists who may not have the company’s long-term interests in mind, to put dissident directors on a...more

The SEC’s Final Climate Rules in Limbo: Practical Considerations for Boards and Management Teams

On March 6, 2024, the Securities and Exchange Commission (SEC) adopted final rules that will require public companies to significantly expand the scope of climate-related information in their registration statements and...more

You Got Stuck with Oversight of Your Company’s Insurance Program, What Now?

Did managing your company’s insurance program (or parts of it) unexpectedly land on your desk? Ouch. But help is here: In this week’s blog my colleague Lenin Lopez offers practical steps you can take if you become responsible...more

We Are Living in a Material World: Ways for Companies to Mitigate Insider Trading Risk

One would think that individuals would avoid illegal insider trading like the plague. The general maxim to apply to avoid insider trading is simple: “Don’t trade in a public company’s securities while you’re aware of material...more

Share Buybacks: Traps for the Unwary

One notable feature of the stock market in 2024 is the number of public companies announcing share buybacks and the expectation that this trend will continue. While share buybacks are generally well-received by investors,...more

Time to Take the Plunge? Officer Exculpation Under Delaware Law

For corporate officers, exposure to potential liability is part of the job. Two of the primary protections available to corporate officers come in the form of a tailored D&O insurance program and a favorable indemnification...more

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