In this MB Sounding Board MicroTalk, Larry Cunningham talks to Henrique Canarim, Vice President, Senior Assistant General Counsel, and Assistant Corporate Secretary at Leidos, about the rising trend of shareholder engagement by directors, its advantages, and preparing directors for this process.
Lawrence Cunningham (Contributor)
Congress Invoking the Congressional Review Act to Nullify SEC Climate Rules
The SEC’s new climate regulations have sparked legal and legislative challenges. Both the House and Senate are advancing measures to revoke these rules, reflecting a broader effort to counter what is seen by many as regulatory overreach by the SEC under Chair Gary Gensler’s leadership. Senator Tim Scott (R-S.C.) and Representative Bill Huizenga (R-Mich.) introduced…
Board Practices Quarterly: Evolving Lines of Responsibility Between the Board and Management
As the business environment continues to evolve in complexity, so does the oversight role of boards. At the same time, investor, regulator, and other stakeholder expectations of board involvement in certain aspects of the business, including aspects traditionally within management’s sole purview, are changing in ways that may blur the lines of responsibility between the…
SEC Pauses Its Climate Rules Amid Litigation Challenges
The SEC today paused implementation of the climate rules the agency rolled out less than one month ago, in the face of significant legal challenges in numerous federal lawsuits. The rules would impose substantial disclosure mandates on companies, including concerning the costs of extreme weather events, corporate strategies for addressing climate change, corporate governance procedures…
Quick Reference Chart on Key Global Climate-Related Disclosure Rules
Climate disclosure regulations are among the most significant and complex challenges faced by companies and boards, with a variety of requirements emanating from numerous governmental authorities and non-governmental organizations (NGOs) in recent years. Mayer Brown lawyers from around the world produced a White Paper on Global Climate Change Disclosure Initiatives and Board Corporate Governance Considerations…
Global Climate Change Disclosure Initiatives and Board Corporate Governance Considerations
All across the world, climate disclosure regulations are among the most significant and complex challenges faced by companies and boards, with a variety of requirements emanating this past year from numerous governmental authorities and non-governmental organizations.
At Mayer Brown, I had the honor of leading a group of 21 partners from across 14 of the…
Good Practices for Board Searches for New Directors
Adding new board members is a critical decision for any company, as it can affect its strategy, performance, culture and reputation. However, finding and selecting the right candidates can be complex and time-consuming, involving multiple sources, criteria, interviews, checks and disclosures. Here are some good practices to help boards navigate this process.
Maintain an evergreen …
Top Four Questions (and Answers) for Boards on the SEC’s Controversial Climate Disclosure Rule
Lawrence A. Cunningham & Bill Hayes
The SEC’s climate disclosure rule will have obvious and enormous impacts on company disclosure teams, including lawyers, accountants, and compliance personnel. What about boards of directors? The Editor of Directors & Boards magazine, Bill Hayes, recently opened that topic with Mayer Brown’s Lawrence Cunningham, who has been closely involved…
SEC Adopts Climate Change Disclosure Rules Applicable to Public Companies and Offerings
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…
Character of the Corporation: Is ESG Do-goodism or Just Good Business?
Debate over ESG continues, with Mayer Brown’s Lawrence Cunningham and corporate director Sonita Lontoh leading a discussion of the topic in the annual Directors & Boards conference entitled Character of the Corporation, which Mayer Brown sponsored.
For excerpts from the conversation, continue reading here.