Welcome to the latest edition of Fenwick’s Securities Law Update. This issue contains updates and important reminders on the following topics:
- Directors and officers of foreign private issuers becoming subject to § 16(a) reporting
- The SEC soliciting comments on amending Regulation S-K
- The SEC soliciting comments on a proposal to provide Nasdaq with limited discretion to deny initial listings even when a company meets the stated listing requirements
- A new bill proposing to create an SEC Public Company Advisory Committee
- The Delaware Supreme Court reinstating Elon Musk’s 2018 pay package, reversing the rescission ordered by the Delaware Court of Chancery
- President Donald Trump signing the BIOSECURE Act into law
- JPMorgan Chase announcing that it will be using a new in-house artificial intelligence tool called “Proxy IQ” to help make its voting decisions instead of external proxy advisory firms