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
Considerations for Executives
Trends in Private Company Executive Compensation
A REVIEW OF EXECUTIVE COMPENSATION SURVEYS: PART II
Private companies face unique challenges and opportunities when it comes to designing and implementing executive compensation plans. Unlike public companies, which are subject to extensive disclosure and regulatory requirements, private companies have more flexibility and discretion in determining how to reward and retain their key talent. Private…
The Latest Lesson for Corporate Officials from Delaware: Don’t be Casual on Podcasts
Natural as it is to let your hair down in casual podcasts about business and life, these candid off-the-cuff remarks can come back to bite you, including in multi-million dollar lawsuits where judges weigh podcast statements more than sworn testimony. That is a cautionary headline for everyone, set forth on page 10 of a recent…
Corporate Governance and Risk Management Experience
From employee protection to consumer safety, risk management is a central daily duty of corporate management and has become top of the oversight agenda for corporate boards. While managers remain in charge of day-to-day risk management, the board’s oversight role has expanded so much that directors benefit from thinking broadly and deeply about how they…
Maintaining Perspective: Governance and Disclosure Reminders for Public Companies
Companies will be affected in a variety of ways by the receivership of Signature Bank, Silicon Valley Bank and any other similarly situated financial institution. Companies may face difficulty accessing cash deposits, bank facilities or the capital markets or limitations on money market transactions or commercial paper facilities. Companies may also face losses on investments…
CEO Comments on Public Policy: An Internal Governance Framework
Public companies have lately been enticed to participate in public policy debates of the day. Headline examples include Coca-Coca and Delta two years ago on the Georgia voting rights bill and Walt Disney more recently on the Florida law regulating the teaching of gender identity in elementary schools. Read more