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Program on Corporate Governance Advisory Board
- Peter Atkins
- David Bell
- Kerry E. Berchem
- Richard Brand
- Daniel Burch
- Paul Choi
- Jesse Cohn
- Arthur B. Crozier Christine Davine
- Renata J. Ferrari
- Andrew Freedman
- Ray Garcia
- Byron Georgiou
- Joseph Hall
- Jason M. Halper William P. Mills
- David Millstone
- Theodore Mirvis
- Philip Richter
- Elina Tetelbaum
- Sebastian Tiller
- Marc Trevino Jonathan Watkins
- Steven J. Williams
HLS Faculty & Senior Fellows
Author Archives: Tarik Samman
ESG Shareholder Resolutions: SEC Swings the Axe but the “Fail Tail” Survives
There were a fair few surprises in the 2025 proxy season. The largest by far was the SEC’s decision to implement new restrictions on permissible shareholder resolutions in the middle of an ongoing proxy season. This permitted companies to throw out many proposals already submitted under the prior rules, irritating many resolution filers. The new […]
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Posted in Practitioner Publications
Tagged ESG, Proxy season, SEC, Shareholders
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IPOs Aren’t Dead, They’re Just Napping
It would be a massive understatement to say that the IPO market has seen fluctuations over the past five years. Only four short years ago, US markets experienced a record-breaking 1,035 IPOs, driven largely by the near-zero interest-rate market environment. These giddy years stand in sharp contrast to the more than 80% drop that followed […]
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Posted in Practitioner Publications
Tagged IPOs, Liquidity, private companies, Stakeholders
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Tesla Approves New Award for Elon Musk: How It Compares to the Largest Pay Packages
The compensation of Tesla’s Elon Musk is once again making headlines, as the Company’s board of directors has approved a new interim stock award for its tenacious and outspoken chief executive. As reported by The Wall Street Journal, the award—valued at roughly $24 billion—is being described as a “first step, good faith payment” to keep Musk […]
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Posted in Practitioner Publications
Tagged Board of Directors, CEO compensation, Elon Musk, Tesla
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Two Recent Entire Fairness Decisions—with Implications for the New DGCL Safe Harbors
Two recent Court of Chancery decisions—Roofers v. Fidelity (May 2025)[1] and Wei v. Levinson (“Zoox”) (June 2025)[2]— highlight the far easier route to business judgment review of conflicted transactions that is available under the new safe harbors established by the 2025 amendments to the Delaware General Corporation Law (the “Amendments”)[3] as compared to the prerequisites […]
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Posted in Delaware Law Series, Practitioner Publications
Tagged MFW, Roofers v. Fidelity, Wei v. Levinson, Zoox
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Best Practices for Onboarding Directors
A thoughtful, well-structured director onboarding process enables a director’s smooth transition to the board, positioning the director to contribute meaningfully from the outset. While the identification, selection, and election of new directors is usually the board’s responsibility, perhaps guided by a search firm, the logistics of onboarding new directors often fall to the legal department […]
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Posted in Practitioner Publications
Tagged Board of Directors, EDGAR, Executive Compensation, noemail, Stakeholders
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New Texas Law Puts Proxy Advice Under the Microscope
Texas Governor Greg Abbott recently signed into law S.B. 2337, marking a significant development in the increasing scrutiny of proxy voting as a focus of regulators targeting environmental, social, and governance (ESG) investing, including by institutional investors such as public and private retirement plans. The June 20 law imposes two new disclosure obligations on proxy […]
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Posted in Uncategorized
Tagged ESG, Proxy voting, Shareholders, Texas Law
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Weekly Roundup: July 25-31, 2025
Beyond the Appointment: Communicate CEO Transitions for Long-Term Success Posted by Julia Fisher and Patrick Ryan, Edelman Smithfield, on Friday, July 25, 2025 Tags: Board of Directors, CEOs, S&P 500, transitions Insights from the SEC Roundtable on Executive Compensation Disclosure Requirements Posted by Jon Solorzano and Dario Mendoza, Vinson & Elkins, on Saturday, July 26, […]
Click here to read the complete postExecutives Sentenced Under CPSA for Not Reporting Product Hazards
In Short The Background: In June 2025, two former executives were each sentenced to more than three years in prison for conspiracy and failure to report hazardous products to the U.S. Consumer Product Safety Commission (“CPSC”), marking the first criminal prosecution and sentencing of corporate executives under the U.S. Consumer Product Safety Act (“CPSA”). The Result: The […]
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Posted in Practitioner Publications
Tagged compliance, Consumer protection, Corporate Risks, Executive Accountability, Product Safety
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Director Skills for Navigating a Complex Business Environment
Why it matters Boards are navigating a business climate defined by rapid change and growing complexity. A recent analysis of Fortune 100 companies reveals distinct patterns in director skills and backgrounds. Understanding these trends could help inform board refreshment strategies at companies of any size. Globalized leadership: Almost all directors have leadership experience (90%), and […]
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Posted in Practitioner Publications
Tagged Board committees, Board of Directors, C-suite, CEOs
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Proxy Voting Advice No Longer a Solicitation Under the Exchange Act
Executive Summary In a pivotal decision issued on July 1, 2025, the U.S. Court of Appeals for the D.C. Circuit ruled that proxy voting advice issued by proxy advisory firms such as Institutional Shareholder Services (ISS) and Glass Lewis does not constitute a “solicitation” under the Securities Exchange Act of 1934 (the Exchange Act). This decision invalidates the […]
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Posted in Uncategorized
Tagged Court of Appeals for the D.C. Circuit, Exchange Act, Proxy voting, SEC
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