The SEC proposes to eliminate the federal shareholder proposal process, expand companies’ discretionary voting authority with respect to shareholder proposals and modernize several long...
The SEC and the FDA announced a memorandum of understanding establishing a framework for the exchange of nonpublic information between the two agencies that is likely to streamline SEC sc...
On June 30, 2026, the SEC’s Division of Corporation Finance issued an exemptive order permitting qualifying tender and exchange offers for non-convertible debt securities to remain open...
Davis Polk partner Stephen Byeff, counsel Ida Araya-Brumskine and associate Julia Hirschberg contributed a chapter to the NYSE’s Public Company Series: Board Structure and Composition.I...
Companies continue to have their hands full addressing new disclosure mandates against the backdrop of an active SEC enforcement agenda. We address related disclosure implications and oth...
The need for financial statements is one of the items most likely to become a gating issue in a capital markets transaction. SEC rules require the company issuing securities to present au...
Changes from the proposal include elimination of Scope 3 disclosures, scaled back attestation requirements, additional materiality qualifiers and narrower financial statement triggers. Gi...
Governor Newsom has signed the Voluntary Carbon Market Disclosures Act, a law intended to combat “greenwashing” by requiring disclosure on net zero, carbon neutrality and emissions re...
Under a pair of California bills poised to become law, many large U.S. companies will be required to make broad-based climate-related disclosures starting as early as 2026. Once finalized...
