Weekly Roundup: June 10-16, 2022

Weekly Roundup
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This roundup contains a collection of the posts published on the Forum during the week of June 10-16, 2022.

Practical Stake

Posted by Bruce F. Freed and Karl J. Sandstrom, Center for Political Accountability, on Friday, June 10, 2022

Tags: Accountability, ESG, Lobbying, Political spending, Reputation, Social contract, Stakeholders

Remarks by Chair Gensler Before the Investor Advisory Committee

Posted by Gary Gensler, U.S. Securities and Exchange Commission, on Friday, June 10, 2022

Tags: Investor protection, Retail investors, Risk disclosure, SEC, Securities fraud, Securities regulation

The SEC’s Climate Proposal: Top Ten Points for Comment

Posted by Nick Grabar, Cleary Gottlieb Steen & Hamilton LLP, on Saturday, June 11, 2022

Tags: Climate change, Disclosure, ESG, Liability standards, Materiality, SEC, Sustainability

Stakeholder Capitalism and ESG as Tools for Sustainable Long-Term Value Creation

Posted by Martin Lipton, Wachtell, Lipton, Rosen & Katz, on Saturday, June 11, 2022

Tags: Corporate purpose, Disclosure, ESG, Long-Term value, Stakeholders, Sustainability

California Gender Board Diversity Law Is Held Unconstitutional

Posted by Sarah Fortt, Betty Huber, and Maj Vaseghi, Latham & Watkins LLP, on Sunday, June 12, 2022

Tags: Board composition, Boards of Directors, California, Diversity, ESG, Securities litigation, State law

Taskforce on Nature-Related Financial Disclosures Framework: Overview of First Beta Release

Posted by Michael Littenberg, Samantha Elliott, and Peter Witschi, Ropes & Gray LLP, on Sunday, June 12, 2022

Tags: Disclosure, Environmental disclosure, ESG, International governance, SEC rulemaking, Securities regulation, Stakeholders, Sustainability

What Boards Should Know About Digital Assets

Posted by Tim Davis, Robert Massey, and Carey Oven, Deloitte LLP, on Monday, June 13, 2022

Tags: Accounting, Blockchain, Cryptocurrency, Financial institutions, Financial regulation, Financial technology, Risk, Stablecoins

Holding Foreign Insiders Accountable

Posted by Robert Jackson (NYU), Daniel J. Taylor (The Wharton School), and Bradford Lynch (The Wharton School), on Monday, June 13, 2022

Tags: China, Foreign firms, Insider trading, International governance, SEC, SEC enforcement, Securities enforcement, Securities regulation

Boards Are Tying Goals to ESG Metrics

Posted by Molly Stutzman, Laura Thornton, and Matthew Nestler, JUST Capital, on Monday, June 13, 2022

Tags: Board oversight, Boards of Directors, Climate change, Environmental disclosure, ESG, Performance measures, Stakeholders, Sustainability

California Bill Would Prohibit Settlement Agreements Keeping Certain Information Secret

Posted by Jason Russell, Hillary Hamilton, and Candace Ross Phoenix, Skadden, Arps, Slate, Meagher & Flom LLP, on Tuesday, June 14, 2022

Tags: California, Environmental disclosure, ESG, Securities litigation, Settlements, State law

Diversity, Experience, and Effectiveness in Board Composition

Posted by Merel Spierings, The Conference Board, Inc., on Tuesday, June 14, 2022

Tags: Board composition, Boards of Directors, Diversity, Institutional Investors, Proxy voting, Shareholder proposals, Shareholder voting

Socially Responsible Divestment

Posted by Alex Edmans (London Business School), Doron Levit (University of Washington), and Jan Schneemeier (Indiana University), on Tuesday, June 14, 2022

Tags: Disclosure, Divestitures, Exit, Externalities, Incentives, Institutional Investors, Reputation, Sustainability

The SEC and Messaging Apps

Posted by William J. Stellmach, Elizabeth P. Gray and Sean Sandoloski, Willkie Farr & Gallagher LLP, on Wednesday, June 15, 2022

Tags: Banks, CFTC, Discovery, Financial institutions, Financial regulation, Financial technology, SEC, Securities enforcement, Securities regulation, Social media

Do Equity Markets Care About Income Inequality? Evidence from Pay Ratio Disclosure

Posted by Stephan Siegel (University of Washington), on Wednesday, June 15, 2022

Tags: Capital markets, Compensation disclosure, Compensation ratios, Disclosure, Dodd-Frank Act, ESG, Executive Compensation, Inequality, Reputation, Stakeholders

Policy Insights on Executive Compensation

Posted by John Galloway, Vanguard, Inc., on Wednesday, June 15, 2022

Tags: Asset management, Compensation disclosure, ESG, Executive Compensation, Index funds, Institutional Investors, Say on pay

E&S Shareholder Proposals

Posted by Will Collins-Dean and Kristin Drake, Dimensional Fund Advisors, on Thursday, June 16, 2022

Tags: Climate change, ESG, Institutional Investors, SEC, Securities regulation, Shareholder proposals, Shareholder voting, Stewardship

Activism Vulnerability Report: Q1 2022

Posted by Jason Frankl and Brian Kushner, FTI Consulting, on Thursday, June 16, 2022

Tags: Boards of Directors, Institutional Investors, Mergers & acquisitions, Shareholder activism, Shareholder voting, Sustainability

Statement by Chair Gensler on Request for Comment on Certain Information Providers Acting as Investment Advisers

Posted by Gary Gensler, U.S. Securities and Exchange Commission, on Thursday, June 16, 2022

Tags: Asset management, Index funds, Institutional Investors, Investment advisers, Investor protection, Retail investors, SEC, Securities regulation