SEC Adopts Climate Change Disclosure Rules Applicable to Public Companies and Offerings

By Anna T. Pinedo, Lawrence Cunningham (Contributor), Matthew Bisanz, James B. Carlson, David Carpenter, J. Paul Forrester, Gonzalo Go, Kimberly Hamm, Brian Hirshberg, Jerry R. Marlatt, Andrew J. Olmem, Laura D. Richman, James Taylor, Jacqueline Vallette & Oliver Williams on March 9, 2024

The Securities and Exchange Commission (the “SEC”) has adopted new rules that require public companies to disclose substantial information about the material impacts of climate-related risks on their business, financial condition, and governance (the “Final Rules”). The SEC says that “climate-related risks, their impacts, and a public company’s response to those risks can significantly affect…

Corporate Governance Standards Proposed by FDIC

By Lawrence Cunningham (Contributor), Matthew Bisanz, Andrew J. Olmem, Megan Webster & Jeffrey P. Taft on October 29, 2023

On October 3, 2023, the Federal Deposit Insurance Corporation (“FDIC”) proposed standards for corporate governance and risk management for the institutions it regulates that have $10 billion or more in total assets (“Proposed Standards”). The Proposed Standards would establish extensive and rigid requirements for a wide range of state-chartered banks. Further, they would reverse decades…