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  • John C. Coffee, Jr. – Boeing and the Future of Deferred Prosecution Agreements By John C. Coffee, Jr.
  • Leveraging Information Forcing in Good Faith By Hillary Sale
  • The Dark Side of Safe Harbors Comment bubble 2 By Susan C. Morse
  • John C. Coffee, Jr. – Mass Torts and Corporate Strategies: What Will the Courts Allow? By John C. Coffee, Jr.
  • Compliance’s Next Challenge: Polarization By Miriam H. Baer
  • Will the Common Good Guys Come to the Shootout in SEC v. Jarkesy? And Why It Matters By Eric W. Orts
  • Climate Disclosure Line-Drawing and Securities Regulation By Virginia Harper Ho
  • Board Committee Charters and ESG Accountability By Lisa M. Fairfax
Editor-At-Large Reynolds Holding

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Columbia Law School's Blog on Corporations and the Capital Markets

Editorial Board John C. Coffee, Jr. Edward F. Greene Kathryn Judge

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boards of directors

A New Call to Shape and Adapt Boardroom Culture

By Michael W. Peregrine October 6, 2023 by renholding

In a significant corporate governance development, the National Association of Corporate Directors (“NACD”) has released a new report addressing the important role that culture plays in promoting effective governance discourse.

NACD describes the report as a “call to action” for …

The Argument for Strong Board Oversight of Artificial Intelligence

By Michael W. Peregrine and Alya Sulaiman July 28, 2023 by renholding

Corporate governance can play an important role in a company’s approach to machine learning technologies such as artificial intelligence (“AI”) and in the mitigation of risks associated with their use.

A thoughtfully developed governance structure for AI will reflect oversight, …

1 Comment  

Pay for Prudence

By Salman Arif, John Donovan, Yadav Gopalan and Arthur Morris July 27, 2023 by renholding

Financial crises are often followed by debates about whether bankers’ incentives helped create distress in the financial sector.  We contribute to this debate by documenting the extent to which bankers’ pay contains prudence-related targets, the association between those targets and …

Shearman & Sterling Discusses Personal Liability in UK of Directors for Climate Strategy

By Elise Edson, Ben Shorten, Julia Derrick, Trinh Chubbock and Jonathan Swil March 20, 2023 by renholding

In a potentially precedent-setting case, 11 directors of global energy company Shell Plc (formerly Royal Dutch Shell Plc) [1] are being sued in their personal capacity over the company’s energy transition strategy. The claim, which has been filed in the …

Covington Discusses Corporate Political-Disclosure Shareholder Proposals

By Robert Kelner, Matthew Franker, Zachary G. Parks and Mellissa Campbell Duru February 27, 2023 by renholding

The 2023 proxy season is underway for public companies and their investors. Corporate secretaries, lawyers, and executives are actively engaged in the SEC’s shareholder proposal process. Consistent with recent proxy seasons, a significant number of companies are receiving proposals calling …

Board Committee Charters and ESG Accountability

By Lisa M. Fairfax February 16, 2023 by renholding

Increasing corporate focus on environmental, sustainability, and governance (“ESG”) has prompted considerable criticism from across the ideological spectrum.  Those who disagree with that focus – viewing it as a breach of fiduciary duty and antithetical to profit maximization – have …

Making Audit Committee Disclosure More Transparent Requires Investor Feedback

By Lauren Cunningham, Sarah Stein, Kim Walker and Karneisha Wolfe January 12, 2023 by renholding

The role of the audit committee in a company’s board of directors has changed significantly since the passage of the Sarbanes-Oxley Act of 2002 (SOX). Traditionally, audit committees have overseen the company’s independent auditor, the internal audit function, and other …

Do Individual Directors Matter?

By Dipesh Bhattarai, Matthew Serfling and Tracie Woidtke November 17, 2022 by renholding

A fundamental question in corporate governance research is whether the board of directors affects firm value. Some argue that directors contribute no additional value to the firm and may even lower its value if they act only as a rubber …

How Director and Officer Liability Affects Corporate Tax Avoidance

By Sarfraz Khan, Sung-Jin Park, Stan Veliotis and John K. Wald October 12, 2022 by renholding

In a recent paper, we use the law protecting directors and officers of Nevada-incorporated firms from liability to study how such laws relate to corporate tax avoidance. Under the 1987 law, those directors and officers are liable only if …

Skadden Discusses How Directors, Officers, and Other Fiduciaries Can Deal With Inflation and Market Turmoil

By Van C. Durrer II October 10, 2022 by renholding

Directors, officers and other fiduciaries (together, “fiduciaries”) owe two primary duties to a corporation and its shareholders: the duty of loyalty and the duty of care. The duty of loyalty requires that fiduciaries make business judgments in the honest and …

The Role of Transaction Costs in Common Ownership

By Kenneth Khoo July 21, 2022 by renholding

“Common Ownership” arises when shareholders hold substantial stakes in different firms that impose externalities on each other, and it challenges the assumption that firms act to maximize their own profits. While firm decisions are ordinarily made by its board of …

Skadden Discusses Court Decision Striking Down Women on Boards Law

By Virginia Milstead May 20, 2022 by renholding

On May 13, 2022, a judge of the Los Angeles County Superior Court ruled in Crest v. Padilla, Case No. 19STCV27561, that California’s statute requiring California-based public companies to have one to three women on their boards of directors (S.B. …

ISS Discusses Japanese Board Independence and Diversity

By Taketoshi Yoshikawa April 28, 2022 by renholding
A recent ISS analysis of Japanese board composition finds a marked uptick in board independence and female board representation. At the close of Japan’s March 2022 “mini-season”, ISS found a 13percentage point jump in companies with at least a one-third
…

Wachtell Lipton Puts Spotlight on Boards: Spring 2022 Update

By Martin Lipton, Steven A. Rosenblum, Karessa L. Cain and Hannah Clark April 21, 2022 by renholding

The ever-evolving challenges facing corporate boards prompt periodic updates to a snapshot of what is expected from the board of directors of a public company—not just the legal rules, or the principles published by institutional investors and various corporate and …

Boardroom Gender-Diversity Reforms and Institutional Monitoring

By Larry Fauver, Mingyi Hung, Alvaro G. Taboada and Emily Jing Wang April 11, 2022 by renholding

The past decade has seen an explosion of boardroom gender diversity reforms worldwide. As of 2014, 23 countries have amended governance codes and 14 countries have enacted laws to increase gender diversity on corporate boards. While investors play a critical …

Exequity Discusses Board Committee Oversight of ESG

By Ben Burney and Emily Brown March 30, 2022 by renholding

Over the past two years, Environmental, Social, and Governance (ESG) matters have become an increasingly important issue in the boardroom. This trend is accelerating today as a growing number of investors and stakeholders expect companies to both produce strong stock …

Does Media Exposure Affect Financial Reporting Quality Through Auditors?

By Steven Cahan, Chen Chen and Rencheng Wang March 24, 2022 by renholding

The media play an important role in capital markets. Media coverage can attract the attention of investors and the public at large and affect the decisions of management. As such, the media can have a corporate governance role in disciplining …

ISS Discusses Women on California Boards

By Paul Hodgson March 15, 2022 by renholding

Since 1995, US presidents have issued a series of annual proclamations designating March as Women’s History Month to celebrate the contributions women have made to the US and recognize the specific achievements women have made over the course of American

…

Skadden Discusses Delaware Law Authorizing Captive Insurance for D&O Coverage

By Allison L. Land, Edward B. Micheletti and Peter Luneau February 18, 2022 by renholding

On February 7, 2022, Delaware’s governor signed a bill amending the Delaware General Corporation Law (DGCL) to expressly authorize Delaware corporations to purchase and maintain directors’ and officers’ (D&O) liability insurance by or through captive insurance companies. This amendment, described …

What Role Do Boards Play in Companies with Visionary CEOs?

By Xu Jiang and Volker Laux February 3, 2022 by renholding

CEOs, in particular founder-CEOs, are often visionaries with strong beliefs about the right strategic direction for their firms. For example, Apple CEO and founder Steve Jobs was known to be obsessed with product quality and design. The strategy to produce …

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Each business day, our team sifts through blog posts, news stories, and other sources to keep up-to-date on relevant recent developments. The following links will take you to our recommended selections. To see the sources we follow click Filter Sources.

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Wall Street Journal
Microsoft, OpenAI to Extend Partnership
September 11, 2025
Bloomberg
Paramount Readies Warner Bros. Bid
September 11, 2025
Dealbook
Klarna Debut Suggests IPO Revival
September 11, 2025
Securities and Exchange Commission
New Corporation Finance Chief Named
September 11, 2025
McDermott Will
DOJ, FTC Speed Up Merger Reviews
September 11, 2025
Bloomberg
SEC Near Dual-Class Fund Decision
September 10, 2025
Delaware Business Litigation Report
Delaware Chancery Finds Class Rep Sought Excessive Incentive Award
September 10, 2025
ThinkAdvisor
SEC Sued Over Accredited Investor Rule
September 10, 2025
Financial Times
SEC Targets Firms Tied to Suspected Chinese Pump and Dump Scam
September 10, 2025
Corporate & Securities Law Blog
Ninth Circuit Clarifies the SEC’s Disgorgement Standard
September 10, 2025
Wall Street Journal
Inflation Erased Income Gains Last Year
September 9, 2025
Bloomberg
Trump Floats New China, India Tariffs
September 9, 2025
D&O Diary
What Happens to Parallel Derivative Suits If Securities Class Actions Settle?
September 9, 2025
Cointelegraph
Senate Bill: Token Stocks Are Securities
September 9, 2025
Delaware Corporate & Commercial Litigation Blog
Delaware Supreme Court Clarifies Requirements for Aiding and Abetting
September 9, 2025
Freshfields' A Fresh Take
FTC Temu Case Clarifies INFORM Act
September 8, 2025
The Governance Beat
Big Three Split Stewardship in Two
September 8, 2025
The FinReg Blog
Crypto Everything Everywhere at Once
September 8, 2025
Securities and Exchange Commission
Cross-Border Task Force to Fight Fraud
September 8, 2025
CoinDesk
Nasdaq Seeks SEC OK on Stock Tokens
September 8, 2025
Wall Street Journal
Tech’s New Gig Is in Battlefield Data
September 7, 2025
Bloomberg
Fed Chair Finalist Hassett Backs “Mission Creep” Criticism
September 7, 2025
Deal Lawyers.com
Nasdaq Proposes SPAC-Listing Change
September 7, 2025
Corporate & Securities Law Blog
Ninth Circuit Rules Market Slogan Alone Not Actionable Under Rule 10b-5
September 7, 2025
Business Law Prof Blog
Tesla Surprises With Musk-Pay Proxy
September 7, 2025
Reuters
FTC Acts Against Worker Noncompetes
September 4, 2025
New York Times
Porsche No Longer German Blue Chip
September 4, 2025
Freshfields' A Fresh Take
Ninth Circuit Greenlights Broad Use of Discovery In Foreign Proceedings
September 4, 2025
CoinDesk
SEC Probes Coinbase on User Number
September 4, 2025
Bloomberg
SEC Wells Process Due for Reform
September 4, 2025
Wall Street Journal
Court Says Harvard Trump Cuts Illegal
September 3, 2025
Bloomberg
NY Giants Sell Stake to Koch Family
September 3, 2025
Dealbook
Investors Think Google Got Spared
September 3, 2025
Reuters
SEC to Offer More Supervisor Buyouts
September 3, 2025
Securities and Exchange Commission
SEC Sues Over $770 Mln Ponzi Scheme
September 3, 2025
Bloomberg
U.S. Judge: Google Can Keep Chrome
September 2, 2025
Dealbook
Fining X May Upend US-EU Trade Deal
September 2, 2025
D&O Diary
Dow Chemical Hit With Tariffs-Related Securities Lawsuit
September 2, 2025
Deal Lawyers.com
Intel Files 8-K Detailing U.S. Stake
September 2, 2025
Corporate & Securities Law Blog
U.S. Court Blocks Enforcement of Texas Proxy Adviser Disclosure Law
September 2, 2025
Wall Street Journal
Crypto Launch Enriches Trumps by $5 Bln
September 1, 2025
Delaware Business Litigation Report
Delaware Chancery Enforces “Hell or High Water” Provision to Close Merger
September 1, 2025
Reuters
Musk Seeks End to SEC Twitter-Stake Suit
September 1, 2025
New York Business Divorce
NY Appraisal Law Really Is Exclusive
September 1, 2025
Corporate & Securities Law Blog
U.S. and UK M&A Practices Diverge
September 1, 2025
Wall Street Journal
Fed Governor Sues to Stop Firing
August 28, 2025
FCPA Professor
SEC Leaves FCPA Enforcement Gaps
August 28, 2025
Bloomberg
SEC Staff Cuts Threaten Filing Reviews
August 28, 2025
Delaware Corporate & Commercial Litigation Blog
Chancery Explains Dissolution Nuances
August 28, 2025
Deal Lawyers.com
Are SPACs Goldilocks Path to Public?
August 28, 2025
Wall Street Journal
Microsoft Probes Workers After Protest
August 27, 2025
Reuters
Delta Ends Fuel Dump Suit for $79 Mln
August 27, 2025
New York Times
French Political, Debt Crises Loom
August 27, 2025
Bloomberg
SEC Slams Nikola Bankruptcy Plan
August 27, 2025
Corporate & Securities Law Blog
Texas Proxy Disclosure Law Debuts
August 27, 2025
Wall Street Journal
Exxon Held Talks for Return to Russia
August 26, 2025
Bloomberg
Teen Suicide to Prompt ChatGPT Update
August 26, 2025
Reuters
Fed Governor Will Sue to Keep Job
August 26, 2025
Securities Regulation and Corporate Governance Monitor
Deadline Nears for Resource Extraction Issuers to File Form SD With SEC
August 26, 2025
Deal Lawyers.com
Delaware Chancery Cites Disclosure Schedule in Dismissing Fraud Claim
August 26, 2025
Bloomberg
Appeal Blocks Habba as US Attorney
August 25, 2025
Wall Street Journal
Musk’s xAI Sues Apple, OpenAI
August 25, 2025
Delaware Business Litigation Report
Delaware Chancery Nixes Interlocutory Appeal When Case Nears End
August 25, 2025
The Governance Beat
EDGAR Next Debut Poses Challenges
August 25, 2025
Delaware Corporate & Commercial Litigation Blog
Delaware Chancery Awards Fees for Breach of Forum Selection Clause
August 25, 2025
Bloomberg
Apple to Redo iPhone Over 3 Years
August 24, 2025
New York Times
What Does AI Sell-Off Portend?
August 24, 2025
The Governance Beat
Nevada Steps Toward Business Court
August 24, 2025
D&O Diary
When Must CEO Illness Be Disclosed?
August 24, 2025
King & Spalding
SEC Focusing on Retail Investor Fraud
August 24, 2025
Reuters
Fintech Firm Aspiration’s Co-Founder Pleads Guilty to Defrauding Investors
August 21, 2025
Wall Street Journal
Tariffs Rise, Walmart Wins Shoppers
August 21, 2025
Bloomberg
DOJ Urges Fed Governor’s Ouster
August 21, 2025
D&O Diary
NY Court Affirms Trump Civil Fraud Ruling, Vacates Massive Damages
August 21, 2025
Sidley Enhanced Scrutiny
Chancery Nixes Claims Against Directors for Not Probing Past Misconduct
August 21, 2025
Securities and Exchange Commission
SEC Names New Enforcement Chief
August 21, 2025
New York Times
Deal Would Value ChatGPT at $500 Bln
August 20, 2025
The Governance Beat
Texas Proxy Adviser Law Almost Live
August 20, 2025
The Block
SEC Chair Says Few Tokens Securities
August 20, 2025
Deal Lawyers.com
Delaware OKs Obscure DGCL Changes
August 20, 2025
Corporate & Securities Law Blog
Second Circuit Vacates Fraud Conviction in First Crypto Insider Trading Case
August 20, 2025
Reuters
US Seeks Equity in Intel for Cash Grants
August 19, 2025
Bloomberg
Meta Restructures AI Group Again
August 19, 2025
D&O Diary
Risk of AI Deepfake Attacks Grows
August 19, 2025
Wall Street Journal
SEC Fines Private Equity Firm TZP
August 19, 2025
M&A/PE Quarterly
“Entire Fairness” Cases Unpredictable
August 19, 2025
Freshfields' A Fresh Take
Recent Cases Offer First Look at New FCPA Enforcement Priorities
August 18, 2025
The Governance Beat
Board Agendas Getting Too Routine
August 18, 2025
D&O Diary
Losing the Face of the Company Quickly Leads to Securities Suits
August 18, 2025
PubCo @ Cooley
California Supreme Court Backs Delaware Forum-Selection Clauses
August 18, 2025
Deal Lawyers.com
Chancery Nixes Typical Non-Compete
August 18, 2025
Wall Street Journal
Disney’s Marvel Abandons Georgia
August 17, 2025
Dealbook
Corporate Governance’s Wild West
August 17, 2025
D&O Diary
CSR Score Can Mask Corporate Fraud
August 17, 2025
Bloomberg
SEC Sues IR Exec for Insider Trading
August 17, 2025
Business Law Prof Blog
Update: Texas, Nevada Reincorporation
August 17, 2025
Reuters
Senators Seek Meta Probe of AI Policy
August 14, 2025
Wall Street Journal
401(k)s More Tied to Stocks Than Ever
August 14, 2025
Bloomberg
Trump Administration Mulls Intel Stake
August 14, 2025
The Governance Beat
Glass Lewis Issues Annual Policy Benchmark Survey: The Primary Topics
August 14, 2025
Securities Regulation and Corporate Governance Monitor
SEC Launches Capital Markets Stats
August 14, 2025

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