CalPERS is considering changing its proxy voting policies to account for issues of director tenure.  New language in its governance principles could state that director independence may b...

Glass Lewis updated its voting guidelines that apply to the 2016 proxy season. There are limited revisions from the prior policies, which include: Overboarding. Beginning in 2017, Glass L...

In preparing for the upcoming proxy season, it is helpful to examine the information that investors provide about their most recent voting and engagement efforts.  We start with Vanguard....

The U.S. banking regulators’ have adopted final uncleared swap margin, capital and segregation requirements and an interim final margin rule with limited exemptions. We have summarized ...

Following is the Davis Polk visual memorandum analyzing the Federal Reserve’s proposed rule on total loss-absorbing capacity (TLAC) and eligible long-term debt (LTD) requirements for (i...

A global trade association of 64 stock exchanges, the World Federation of Exchanges (WFG), has recommended that its member exchanges voluntarily incorporate a set of 34 ESG factors into l...

Both Nasdaq and the NYSE issued recent reminders to companies about key announcements that may constitute material news. Changes to dates.  Changes to a company’s earnings release, divi...

ISS has launched its annual data verification period starting today, November 2nd.  From now until 8pm EST on November 13, companies can review and confirm the data used by ISS for QuickS...

The litigation against Facebook for their director compensation raised a question of first impression:  whether a disinterested controlling stockholder can ratify a transaction approved b...

The UK Takeover Panel has recently confirmed a number of amendments to the UK Takeover Code in three Response Statements to its public consultations earlier this year. On 23 October 2015,...