Proxymity’s Post

The Supreme Court stayed a nationwide injunction against the Corporate Transparency Act, but a key implementing regulation remains on ice. How are businesses responding? And what happens next? Tristan Navera and I examine those questions in our latest for Bloomberg Law: https://lnkd.in/ejg3XuxZ

https://lnkd.in/eX8fxQih Great article from Matthew Mullins recapping CCMC's recent event reviewing the 2024 proxy season. Themes include increased shareholder activism, implications of universal proxy rules, and legal challenges regarding the use of the 14a-8 shareholder proposal process.

Business entities operating in New York are likely familiar with the New York LLC Transparency Act and its upcoming reporting obligations. Although initially scheduled for implementation in December 2024, amendments to the legislation have postponed its enforcement by over a year. Our Kevin Constantine provides essential insights on compliance requirements in our recent DE Insight. #corporatetransparencyact #newyork #corporatelaw #DEinsights #nyllcta https://hubs.ly/Q02t2VFF0

While the federal Corporate Transparency Act's constitutionality remains in limbo, there are a number of states, including New York, that are implementing state-level transparency laws. In our latest DE Insight, Kevin Constantine gives us the 411 on the New York LLC Transparency Act, answering many of the FAQs businesses will be raising as a result. #corporatetransparencyact #newyork #corporatelaw #DEinsights #nyllcta https://lnkd.in/dNAUCT7K

In this Public Chatter blog post, Perkins Coie LLP's Broc Romanek shares eight things to know right now in the corporate governance and securities laws world. #CorpGov #CorporateGovernance #SecuritiesLaw #PublicChatterBlog

In this Public Chatter blog post, Perkins Coie LLP's Broc Romanek shares eight things to know right now in the corporate governance and securities laws world. #CorpGov #CorporateGovernance #SecuritiesLaw #PublicChatterBlog

In this Public Chatter blog post, Perkins Coie LLP's Broc Romanek shares eight things to know right now in the corporate governance and securities laws world. #CorpGov #CorporateGovernance #SecuritiesLaw #PublicChatterBlog

The SEC recently finalized rules requiring public companies to disclose material climate-related risks and impacts. However, legal challenges from state attorneys general and industry groups have prompted a judicial review, leading to a temporary stay. In a new article for The Legal Intelligencer, ESG Practice Group Chair Martha (Frannie) Reilly and Elizabeth Smith, JD LLM discuss the situation and how this uncertainty has left affected parties in a position to decide whether to proceed with voluntary disclosures or await judicial clarity before compliance. #McNees #ESG #SEC

A good article for the proxy season on how corporate leaders are being inundated by divisive, costly, time-consuming and distractive “shareholder” proposals, and apparently the average investors are not too happy either. The short answer to a potential solution was well presented in the following points: “By adopting bylaw provisions limiting shareholder proposals, companies can avoid being dragged into contentious political debates and refocus the annual proxy season on the governance priorities that matter most to shareholders.” “A carefully crafted bylaw provision could impose higher shareholder ownership thresholds to make a proposal, limit repetitive or irrelevant proposals, or simply restore earlier SEC guidance barring proposals that lack a clear connection to the company’s business. Importantly, such measures would be fully consistent with federal law. The Securities and Exchange Commission’s proxy rules enable a shareholder to make a proposal for inclusion in a company’s proxy materials, but only if the shareholder’s proposal is proper under the laws of the state in which the company is incorporated. If a shareholder’s right to make a proposal is validly restricted under Delaware law, then the SEC defers to state law on the issue.” If you are interested in receiving better proxy services, reducing time delays and saving money, reach out to Securities Transfer Corporation and ask for Anna or David at 469-633-0101, or by email at akotlova@stctransfer.com or dlopez@stctransfer.com #ProxySeason #CorporateGovernance #ShareholderProposals #InvestorRelations #ProxyVote

While the federal Corporate Transparency Act's constitutionality remains in limbo, there are a number of states, including New York, that are implementing state-level transparency laws. In our latest DE Insight, Kevin Constantine gives us the 411 on the New York LLC Transparency Act, answering many of the FAQs businesses will be raising as a result. #corporatetransparencyact #newyork #corporatelaw #DEinsights #nyllcta