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Environmental Social & Governance (ESG) Diversity and Inclusion Standards (D&I)

Pillsbury - Gravel2Gavel Construction & Real...

Federal Court Halts Enforcement of Texas SB 2337 Regarding Proxy Advisor Disclosure of ESG or Other “Nonfinancial” Considerations

Enacted earlier this year and scheduled to take effect September 1, SB 2337 would impose new disclosure obligations on proxy advisory firms issuing recommendations regarding Texas-based public companies, including a...more

Sheppard Mullin Richter & Hampton LLP

Federal Court Blocks Enforcement of Texas Proxy Advisor Disclosure Law

Following up on our recent post analyzing Texas’s new proxy advisor disclosure statute, S.B. 2337, we note a significant development: On August 29, 2025, Judge Alan Albright of the United States District Court for the Western...more

Morrison & Foerster LLP

Congressional Investigations Quarterly

Designed for busy in-house counsel, government affairs professionals, policy advocates, and legal practitioners seeking to navigate the ins and outs of congressional oversight, this inaugural edition of MoFo’s “Congressional...more

Jones Day

Companies Join the Fray in the Battle of the Proxy Advisors v. Texas

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On June 20, 2025, Texas passed SB 2337, a first-of-its-kind regulation of proxy advisors such as ISS and Glass Lewis. SB 2337 requires proxy advisors to, among other things, disclose when their recommendations are based, in...more

Sheppard Mullin Richter & Hampton LLP

Comprehensive Guide to Trump’s Executive Actions on ESG, DEI & Environmental Policy

The recent wave of executive orders issued under the Trump Administration marks a dramatic shift in the landscape of Environmental, Social, and Governance (ESG) policy, sustainability initiatives, and DEI (Diversity, Equity,...more

Morrison & Foerster LLP

Above Board: 2025 Proxy Season Recap

In this episode of the Above Board podcast, host Scott Lesmes is joined by Morrison Foerster partner and former SEC Division of Corporation Finance staffer Ryan Adams to recap major trends from the 2025 proxy season. They...more

Cooley LLP

Glass Lewis Policy Benchmark Survey: The Primary Topics

Cooley LLP on

Recently, I blogged about how ISS is soliciting input on its annual policy benchmark survey. Glass Lewis has also released its annual policy benchmark survey, with responses due by September 15th....more

Mintz

Florida Attorney-General Bans Outside Counsel with DEI & ESG Policies

Mintz on

The State of Florida's Attorney-General has increased the scope of his offensive against DEI and ESG initiatives. Not only has the Florida AG announced an investigation into climate non-profits concerning environmental...more

Cozen O'Connor

The State AG Report – 08.07.2025

Cozen O'Connor on

Here are curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: • Weighty Penalty for Bootleg GLP-1 Drug Sales - • 50 AGs...more

Cozen O'Connor

Florida AG Bars Outside Counsel with DEI or ESG Practices

Cozen O'Connor on

Florida AG James Uthmeier issued a policy memo to some law firms in Florida informing them that his office will no longer retain outside counsel that engages in diversity, equity and inclusion (DEI) or environmental, social...more

Akin Gump Strauss Hauer & Feld LLP

Texas Passes Landmark Law Regulating Proxy Advisors: What Companies Need to Know

On June 20, 2025, Gov. Greg Abbott (R-TX) signed SB 2337, a new law that significantly alters the landscape for proxy advisory firms (e.g., Glass Lewis and Institutional Shareholder Service (ISS)) providing services to...more

Fenwick & West LLP

ISS Files Suit Against Texas SB 2337

Fenwick & West LLP on

Glass, Lewis & Co. (Glass Lewis) filed a complaint in the U.S. District Court for the Western District of Texas on July 24, 2025, seeking to end SB 2337, which was recently signed into law in June and will become effective...more

Vinson & Elkins LLP

Texas Hold ‘Em: New Law Requires Proxy Advisors to Show Their Cards if “Nonpecuniary” Factors Guide Voting Recommendations -...

Vinson & Elkins LLP on

On June 20, 2025, Texas Governor Greg Abbott signed Senate Bill 2337 (“SB 2337”), a novel regulation that will require significant disclosure obligations for proxy advisors, such as ISS and Glass Lewis, for their voting...more

Mintz

Missouri AG Launches Investigation of Proxy Advisory Firms Related to Alleged ESG-Focused Recommendations

Mintz on

The Missouri Attorney-General, Republican Andrew Bailey, recently announced an investigation into the two principal proxy advisory firms for potential violations of Missouri law “related to their promotion of radical...more

Fenwick & West LLP

Important State Law Developments

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Companies doing business in Texas and California should be aware of the following state law developments, which could affect them....more

Cozen O'Connor

The State AG Report – 07.17.2025

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Here are curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: •Democratic AGs Oppose Washing Away Appliance Efficiency...more

Cozen O'Connor

Missouri AG Investigates Proxy Advisors Over ESG and DEI Practices

Cozen O'Connor on

Missouri AG Andrew Bailey announced that his office is investigating and has filed parallel lawsuits against Glass, Lewis & Co. (“Glass Lewis”) and Institutional Shareholder Services (“ISS”), two major corporate proxy...more

Paul Hastings LLP

Regulating Proxy Advisors: Court Rules Advice Is Not a ‘Solicitation’ and Texas Enacts Its Own Law

Paul Hastings LLP on

On July 1, 2025, the U.S. Court of Appeals for the District of Columbia Circuit ended more than five years of uncertainty and confusion by ruling that proxy voting advice issued by proxy advisors is not a “solicitation” under...more

Vinson & Elkins LLP

Texas Hold ‘Em: New Law Requires Proxy Advisors to Show Their Cards if “Nonpecuniary” Factors Guide Voting Recommendations

Vinson & Elkins LLP on

On June 20, 2025, Texas Governor Greg Abbott signed Senate Bill 2337 (“SB 2337”), a novel regulation that will require significant disclosure obligations for proxy advisors, such as ISS and Glass Lewis, for their voting...more

Jones Day

Texas Enacts New Law to Regulate Proxy Advisory Firms

Jones Day on

On June 20, 2025, Texas Governor Greg Abbott signed Senate Bill 2337 ("SB 2337") to impose first-of-its-kind regulation and significant disclosure obligations on proxy advisors, such as ISS and Glass Lewis. SB 2337 aims to...more

Blake, Cassels & Graydon LLP

Les ACVM suspendent leurs initiatives sur l’information liée au changement climatique et à la diversité

Le 23 avril 2025, les Autorités canadiennes en valeurs mobilières (les « ACVM ») ont annoncé qu’elles suspendaient les travaux qu’elles avaient entrepris pour élaborer ou renforcer certains règlements sur la communication de...more

Fenwick & West LLP

Risk Factor Considerations for Upcoming Form 10-Q

Fenwick & West LLP on

As companies prepare their Form 10-Q disclosures, it's worth bearing in mind a number of special considerations amid the current economic and political environment....more

Blake, Cassels & Graydon LLP

Climate and Diversity: CSA Stays Neutral on a Moving Train

On April 23, 2025, the Canadian Securities Administrators (CSA) announced that it is pausing its efforts to develop new and enhanced climate and diversity-related disclosure rules for public companies in Canada. This decision...more

Hogan Lovells

Federal district court denies Target’s motion to dismiss securities claims related to one of its ESG and DEI Initiatives

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In Craig v. Target Corporation, et al., the District Court for the Middle District of Florida considered whether Target Corporation (Target) committed securities violations by failing to disclose risks related to an ESG and...more

Goodwin

SEC Disclosure and Proxy Matters Under the Trump Administration

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Public companies are revisiting their disclosures to keep up with recent EOs and SEC developments this proxy season....more

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