Weekly Roundup: July 22-28, 2022

Weekly Roundup
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This roundup contains a collection of the posts published on the Forum during the week of July 22-28, 2022.

A Board’s Guide to Oversight of ESG

Posted by Katie LaVoy, Sidley Austin LLP, on Friday, July 22, 2022

Tags: Board oversight, Boards of Directors, Caremark, ESG, Fiduciary duties, Liability standards, Risk oversight

Diversity Leaders Open New Doors for Equity Investors

Posted by Gayle Baldwin and Vivian Lubrano, AllianceBernstein, on Friday, July 22, 2022

Tags: Corporate culture, Diversity, ESG, Firm performance, Human capital, Innovation

Trends and Updates from the 2022 Proxy Season

Posted by Pamela Marcogliese, Elizabeth Bieber, and Sarah Ghulamhussain, Freshfields Bruckhaus Deringer LLP, on Saturday, July 23, 2022

Tags: Board composition, Boards of Directors, Diversity, ESG, Glass Lewis, Institutional Investors, ISS, Proxy advisors, Proxy season, Proxy voting, Shareholder voting

The Proposed SEC Climate Disclosure Rule: A Comment from Norges Bank Investment Management

Posted by Carine Smith Ihenacho, and Severine Neervoort, Norges Bank Investment Management, on Sunday, July 24, 2022

Tags: Climate change, Disclosure, Engagement, ESG, Institutional Investors, International governance, Long-Term value, Sovereign Wealth Funds, Stewardship, Sustainability, Transparency

Recent ESG Litigation and Regulatory Developments

Posted by Lauren Aguiar, Anita Bandy, and Tansy Woan, Skadden, Arps, Slate, Meagher & Flom LLP, on Monday, July 25, 2022

Tags: #MeToo, Boards of Directors, Diversity, ESG, Institutional Investors, SEC, SEC rulemaking, Securities litigation, Securities regulation, Sustainability

Can We Trust the Accounting Discretion of Firms with Political Money Contributions? Evidence from U.S. IPOs

Posted by Antonios Kallias (Cardiff University), Konstantinos Kallias (University of Portsmouth), and Song Zhang (University of St Andrews ), on Monday, July 25, 2022

Tags: Capital formation, Financial reporting, IPOs, Lobbying, Political spending, Signaling

Global M&A Industry Trends: 2022 Mid-Year Update

Posted by Malcolm Lloyd, Colin Wittmer, and John Potter, PricewaterhouseCoopers LLP, on Monday, July 25, 2022

Tags: Credit supply, Human capital, Inflation, International governance, Labor markets, Mergers & acquisitions, Private equity, SPACs

C-Suite View of Volatility, War, Risks, and Growth for Global Business

Posted by Charles Mitchell, The Conference Board, Inc., on Tuesday, July 26, 2022

Tags: Cybersecurity, Decision-making, Human capital, International governance, Management, Russia, Supply chain, Ukraine

The Complex, Contentious, and Changing Nature of Financial Reporting Standards

Posted by Robert Eccles (Oxford University), and Kazbi Soonawalla (Oxford University), on Tuesday, July 26, 2022

Tags: Accounting, Accounting standards, ESG, FASB, Financial reporting, GAAP, IASB, Sustainability

Comment by Commissioners Peirce and Uyeda on the Financial Accounting Foundation Draft Strategic Plan

Posted by Hester M. Peirce and Mark T. Uyeda, U.S. Securities and Exchange Commission, on Tuesday, July 26, 2022

Tags: Accounting, Accounting standards, ESG, Financial regulation, SEC, Securities regulation, Sustainability

Delaware M&A Developments

Posted by Andre Bouchard, Kyle Seifried, and Jaren Janghorbani, Paul, Weiss, Rifkind, Wharton & Garrison LLP, on Wednesday, July 27, 2022

Tags: Charter & bylaws, Delaware cases, Delaware law, DGCL, Merger litigation, Mergers & acquisitions, Tesla

Financial Regulation, Corporate Governance, and the Hidden Costs of Clearinghouses

Posted by Paolo Saguato (George Mason University), on Wednesday, July 27, 2022

Tags: Clearing houses, Derivatives, Dodd-Frank Act, Financial reform, Financial regulation, Incentives, Moral hazard, Recovery & resolution plans, Risk, Skin in the game, Systemic risk

H1 2022 Review of Shareholder Activism

Posted by Mary Ann Deignan, Rich Thomas, and Christopher Couvelier, Lazard, on Wednesday, July 27, 2022

Tags: Boards of Directors, Institutional Investors, International governance, Mergers & acquisitions, Proxy contests, Shareholder activism

Top 5 SEC Enforcement Developments

Posted by Haimavathi Marlier, Jina Choi, and Michael Birnbaum, Morrison & Foerster LLP, on Thursday, July 28, 2022

Tags: Accounting irregularities, Clawbacks, External auditors, Financial technology, Regulation BI, Robo-advisers, SEC, SEC enforcement, Securities enforcement, Whistleblowers

The Proposed SEC Climate Disclosure Rule: A Comment from the RealClear Foundation

Posted by James R. Copland (Manhattan Institute) and Bernard S. Sharfman (Main Street Investors Coalition Advisory Council), on Thursday, July 28, 2022

Tags: Climate change, Comment letters, Disclosure, Environmental disclosure, ESG, Investor protection, Risk, SEC, SEC rulemaking, Securities regulation

Remarks by Chair Gensler at Center for Audit Quality “Sarbanes-Oxley at 20: The Work Ahead”

Posted by Gary Gensler, U.S. Securities and Exchange Commission, on Thursday, July 28, 2022

Tags: Accounting, Accounting standards, Audits, Disclosure, Enron, FASB, Financial regulation, Sarbanes–Oxley Act, SEC, SEC rulemaking, Securities regulation