In early 2017, the UK Financial Conduct Authority consulted on proposals to reform and enhance the UK primary markets. The FCA looked at a wide span of issues, ranging from a consideratio...

After six months of debate, the market welcomes the Consultation Conclusions to the Hong Kong Stock Exchange’s New Board Concept Paper, issued on 15 December under an upbeat press relea...

As discussed in a November post, ISS recently published its 2018 policy updates, effective for meetings held on or after February 1, 2018. Last week, the proxy advisory firm released furt...

Davis Polk is pleased to announce the launch of its Intellectual Property and Tech Transactions Update, a quarterly newsletter that will feature summaries and analysis of recent developme...

In what we expect to be the first step in a process of increasing the transparency of the Federal Reserve’s supervisory stress tests and their application to banking organizations subje...

This memorandum highlights some considerations for the preparation of your 2017 annual report on Form 20-F. As in previous years, we discuss both disclosure developments as well as contin...

It’s no longer a trendy topic, but instead has become routine, to recognize that investors are deeply interested in board composition.  The 2017 Spencer Stuart Board Index on S&P 500 bo...

Six years after finalizing the first set of Basel III reforms to the capital framework for banking organizations, the Basel Committee on Banking Supervision has agreed on and released the...

Under a rule change that is effective immediately, a NYSE listed company is prohibited from issuing material news after the NYSE trading session ends until the earlier of (a) five minutes...

The Framework for U.S. Stewardship and Governance launched by the Investor Stewardship Group, which we previously discussed here, becomes effective on January 1, 2018. According to a pres...