In November 2017, the staff of the Division of Corporation Finance (Staff) of the Securities and Exchange Commission (SEC) issued guidance concerning companies’ ability to exclude shareholder proposals from their proxy...more
6/19/2019
/ Board Analysis ,
Board of Directors ,
Corporate Executives ,
Division of Corporate Finance ,
Executive Compensation ,
Micromanagement ,
New Guidance ,
No-Action Requests ,
Ordinary Business Exception ,
Political Contributions ,
Proxy Season ,
Proxy Statements ,
Publicly-Traded Companies ,
Rule 14a-8 ,
Securities and Exchange Commission (SEC) ,
Shareholder Proposals
In this month's edition of our Privacy & Cybersecurity Update, we examine expanded data breach notification laws in New Jersey and Washington state, as well as the SEC's risk alert regarding cloud-based storage solutions. We...more
6/3/2019
/ Amended Rules ,
Annual Reports ,
Cloud Storage ,
Cybersecurity ,
Data Breach ,
Data Protection Authority ,
Data Security ,
Federal Trade Commission (FTC) ,
Finland ,
General Data Protection Regulation (GDPR) ,
Personally Identifiable Information ,
Popular ,
Privacy Laws ,
Risk Alert ,
Securities and Exchange Commission (SEC) ,
State Data Breach Notification Statutes ,
UK
In this month's Privacy & Cybersecurity Update, we examine several recent U.K.-related cybersecurity developments and the SEC's risk alert reminding investment advisers and broker-dealers to follow through on implementing...more
5/1/2019
/ Broker-Dealer ,
Canada ,
Commercial General Liability Policies ,
Cyber Insurance ,
Cyber Policies ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Data-Sharing ,
Denial of Insurance Coverage ,
Designated Contract Markets (DCMs) ,
ENISA ,
Equifax ,
EU ,
Fines ,
General Data Protection Regulation (GDPR) ,
Government Investigations ,
Hackers ,
Investment Adviser ,
NCSC ,
OCIE ,
PIPEDA ,
Popular ,
Privacy Comissioners ,
Privacy Laws ,
Privacy Policy ,
Putative Class Actions ,
Regulation S-P ,
Risk Alert ,
Securities and Exchange Commission (SEC) ,
Surveys ,
TCPA ,
UK ,
UK Data Protection Act ,
UK ICO ,
Unsolicited Faxes
In this month's edition of our Privacy & Cybersecurity Update, we examine new cybersecurity legislation in California and Massachusetts, the British government's updates to its cybersecurity laws in anticipation of Brexit and...more
4/2/2019
/ California Consumer Privacy Act (CCPA) ,
Class Action ,
Class Certification ,
Credit Reporting Agencies ,
Credit Reports ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Data Protection ,
Federal Trade Commission (FTC) ,
Gramm-Leach-Blilely Act ,
Popular ,
Privacy Laws ,
Public Comment ,
State Data Breach Notification Statutes ,
Thailand ,
UK ,
UK Brexit
In this month's edition, we examine a judge's ruling allowing an investor suit against Equifax, the dismissal of a class action against the insurer CareFirst and President Donald Trump's launch of a federal artificial...more
3/4/2019
/ Artificial Intelligence ,
Class Action ,
Cybersecurity ,
Data Breach ,
Department of Financial Services ,
Dismissals ,
Equifax ,
Facebook ,
Federal Cartel Offices ,
Federal Data Privacy ,
GAO ,
Germany ,
Investors ,
NAIC ,
NYDFS ,
Popular ,
Privacy Laws ,
Proposed Legislation ,
Trump Administration ,
User-Generated Content
On February 6, 2019, the Division of Corporation Finance (Staff) of the Securities and Exchange Commission published new interpretive guidance regarding board diversity disclosures, which should be considered when preparing...more
2/13/2019
/ Board of Directors ,
Compliance ,
Director Nominations ,
Disclosure Requirements ,
Diversity ,
Division of Corporate Finance ,
New Guidance ,
Proxy Statements ,
Publicly-Traded Companies ,
Qualification Standards ,
Regulation S-K ,
Securities and Exchange Commission (SEC) ,
Shareholder Meetings ,
Woman Board Members
There is an ongoing debate about the role that publicly traded for-profit business corporations should play in addressing a broad range of problems confronting our world today. Many issues fall under the ESG label — meaning...more
In this month's edition, we examine cybersecurity-related state Supreme Court rulings in Pennsylvania, Vermont and Illinois; the Department of Health and Human Services' cybersecurity guidelines for the health care industry;...more
2/2/2019
/ Actual Injuries ,
Adequacy Requirement ,
Annual Reports ,
Attorney General ,
Biometric Information Privacy Act ,
California Consumer Privacy Act (CCPA) ,
Common Law Claims ,
Corporate Counsel ,
Cyber Insurance ,
Cybersecurity ,
Data Breach ,
Data Protection Acts ,
Data Protection Authority ,
Denial of Insurance Coverage ,
Department of Health and Human Services (HHS) ,
Employee Privacy Rights ,
EU ,
EU-US Privacy Shield ,
IL Supreme Court ,
Japan ,
Neiman Marcus ,
New Guidance ,
PA Supreme Court ,
Phishing Scams ,
Policy Exclusions ,
Public Hearing ,
Security Standards ,
Settlement ,
State Attorneys General ,
Statutory Rights ,
VT Supreme Court
U.S. public companies face a wide array of challenges, from greater market volatility and increasing economic and geopolitical uncertainty to disruptive technologies, artificial intelligence, social media and cybersecurity...more
1/23/2019
/ Activist Investors ,
Board of Directors ,
CEOs ,
Corporate Culture ,
Corporate Governance ,
Corporate Social Responsibility ,
Corporate Strategy ,
Cybersecurity ,
Diversity ,
Popular ,
Proxy Statements ,
Proxy Voting ,
Publicly-Traded Companies ,
Risk Management ,
Risk Mitigation ,
Shareholder Activism
In this month's edition of our Privacy & Cybersecurity Update, we examine the European Commission's second annual review of the Privacy Shield and the Department of Commerce's guidance on how to comply with the Privacy Shield...more
1/4/2019
/ Artificial Intelligence ,
Banking Sector ,
Cybersecurity ,
Data Protection ,
Data Protection Commissioner ,
Ethics ,
EU ,
EU-US Privacy Shield ,
European Central Bank ,
European Commission ,
Federal Trade Commission (FTC) ,
Financial Institutions ,
General Data Protection Regulation (GDPR) ,
Human Rights ,
Identity Theft ,
Payment Systems ,
Popular ,
Privacy Policy ,
Proposed Amendments ,
Public Comment ,
Security Risk Assessments ,
U.S. Commerce Department ,
UK Brexit
In this month's edition of our Privacy & Cybersecurity Update, we examine a declaration on ethical considerations for artificial intelligence, the annual joint review of the Privacy Shield, a new lawsuit from a snack food...more
12/5/2018
/ Administrative Review ,
Artificial Intelligence ,
Banks ,
Cyber Attacks ,
Cyber Lexicon ,
Cybersecurity ,
Data Protection ,
Data Protection Officers (DPOs) ,
Denial of Insurance Coverage ,
EDPS ,
Ethics ,
EU ,
EU-US Privacy Shield ,
European Economic Area (EEA) ,
Financial Institutions ,
Financial Stability Board ,
FSB ,
General Data Protection Regulation (GDPR) ,
Human Rights ,
Insurance Litigation ,
Malware ,
Personal Data ,
Policy Exclusions ,
Popular ,
Privacy Concerns ,
Privacy Laws ,
Property Insurance ,
Ransomware ,
Secretary of Commerce
On November 13, 2018, Skadden held our webinar “Preparing for the Shareholder Proposal Season.” The panelists were Peter da Silva Vint, Vice President of BlackRock’s Americas Investment Stewardship Group; Michael Garland,...more
11/21/2018
/ Board of Directors ,
Corporate Governance ,
Corporate Social Responsibility ,
Diversity ,
Gender-Based Pay Discrimination ,
Proxy Access ,
Proxy Season ,
Ratification ,
Securities and Exchange Commission (SEC) ,
Shareholder Proposals ,
Shareholders ,
Special Meetings
On October 23, 2018, the Division of Corporation Finance (Staff) of the U.S. Securities and Exchange Commission (SEC) published Staff Legal Bulletin No. 14J (SLB 14J), which provides important guidance concerning shareholder...more
10/25/2018
/ Board of Directors ,
Corporate Governance ,
Executive Compensation ,
Micromanagement ,
New Guidance ,
No-Action Relief ,
Ordinary Business Exception ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC) ,
Shareholder Proposals ,
Shareholders
On October 4, 2018, Skadden hosted the webinar “Equal Pay: Voluntary Disclosure, Activism and Litigation.” The panelists were Marc Gerber, partner, Mergers and Acquisitions and Corporate Governance, Skadden; Blair Jones,...more
In this month's Privacy & Cybersecurity Update, we examine recent trends and court decisions, including a new law in Ohio that provides a safe harbor from tort-based data breach claims if the company adopts certain security...more
10/2/2018
/ Affirmative Defenses ,
Amended Rules ,
California Consumer Privacy Act (CCPA) ,
Class Action ,
Computer Fraud Insurance ,
Cybersecurity ,
Data Breach ,
Data Security ,
General Data Protection Regulation (GDPR) ,
Internet of Things ,
Personal Data ,
Popular ,
Privacy Policy ,
Private Right of Action ,
Social Engineering ,
State Attorneys General ,
State Legislatures ,
UK ,
UK ICO
In this month's edition of our Privacy & Cybersecurity Update, we examine Brazil's new data protection regulation, the French data protection authority's warning to two companies of potential GDPR violations and the U.S....more
9/7/2018
/ Appeals ,
Brazil ,
Breach Notification Rule ,
CNIL ,
Computer Fraud Insurance ,
Consent ,
Critical Infrastructure Sectors ,
Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Data Collection ,
Data Protection Acts ,
Data Protection Authority ,
Data Protection Officers (DPOs) ,
Data Retention ,
Denial of Insurance Coverage ,
Department of Homeland Security (DHS) ,
Email ,
Enforcement Actions ,
EU ,
European Commission ,
European Economic Area (EEA) ,
Extraterritoriality Rules ,
France ,
Fraudulent Transfers ,
General Data Protection Regulation (GDPR) ,
Geological Data ,
International Data Transfers ,
Japan ,
Japan-EU Economic Partnership Agreement (EPA) ,
NCCIC ,
Personal Data ,
Policy Terms ,
Popular ,
Public Private Partnerships (P3s) ,
Reciprocity Rules ,
Reversal ,
Scams ,
Social Engineering ,
Spoofing ,
Standard Contractual Clauses ,
Warning Letters ,
Wire Fraud
On August 17, 2018, the Securities and Exchange Commission (SEC) amended certain disclosure requirements that have become duplicative or outdated. The amendments, which reflect the SEC’s efforts to implement the Fixing...more
In the period leading up to the 2018 proxy season, the staff of the Division of Corporation Finance (Staff) of the Securities and Exchange Commission (SEC) published Staff Legal Bulletin No. 14I (SLB 14I), which provided new...more
On February 21, 2018, the U.S. Securities and Exchange Commission (SEC) issued an interpretive release providing guidance for public companies relating to disclosures of cybersecurity risks and incidents. Although the...more
2/26/2018
/ Annual Meeting ,
Cybersecurity ,
Disclosure Requirements ,
Form 8-K ,
Materiality ,
New Guidance ,
Popular ,
Proxy Statements ,
Publicly-Traded Companies ,
Regulation FD ,
Securities and Exchange Commission (SEC)
U.S. companies face a dizzying array of challenges, including from disruptive technologies and cybersecurity threats; economic and geopolitical uncertainties; climate change and evolving sustainability metrics; and questions...more
1/25/2018
/ Board of Directors ,
Compliance ,
Corporate Governance ,
Corporate Social Responsibility ,
Diversity ,
Executive Compensation ,
Independent Director ,
Investors ,
Proxy Statements ,
Say-on-Pay ,
Shareholder Activism ,
Sustainability ,
Transparency
Tax reform, shifting international dynamics, Trump administration goals and a potentially strong market for transactions all seem likely to impact business activity in 2018. Below are 10 areas to explore in our 10th annual...more
1/23/2018
/ #MeToo ,
Acquisitions ,
China ,
Class Action ,
Climate Change ,
Corporate Governance ,
Corporate Social Responsibility ,
Cybersecurity ,
Enforcement Actions ,
EU ,
Financial Regulatory Reform ,
Mergers ,
National Security ,
Regulatory Reform ,
Securities Litigation ,
Tax Reform ,
Trade Secrets ,
Trump Administration ,
UK Brexit
Companies have important decisions to make as they prepare for their 2018 annual meeting and reporting season. We have prepared a checklist of key corporate governance, executive compensation and disclosure matters on which...more
12/4/2017
/ Annual Meeting ,
Auditors ,
Corporate Governance ,
Cybersecurity ,
D&O Insurance ,
Dodd-Frank ,
Executive Compensation ,
Filing Requirements ,
Pay Ratio ,
Proxy Access ,
Proxy Voting Guidelines ,
Publicly-Traded Companies ,
Say-on-Pay ,
Securities and Exchange Commission (SEC) ,
XBRL Filing Requirements
On November 16, 2017, Skadden held our webinar “Preparing for the Shareholder Proposal Season.” The panelists were Michael Garland, Assistant Comptroller for Corporate Governance and Responsible Investment in the Office of...more
11/30/2017
/ Annual Meeting ,
Board of Directors ,
Bylaws ,
Comptroller ,
Corporate Governance ,
Division of Corporate Finance ,
Independent Boards ,
Proxy Access ,
Proxy Season ,
Securities and Exchange Commission (SEC) ,
Shareholder Proposals ,
Shareholders ,
Special Meetings ,
Written Consent
Proxy advisory firm Institutional Shareholder Services (ISS) recently announced updates to its U.S. proxy voting guidelines for the 2018 proxy season. Although the updates are not likely to have a significant impact on 2018...more
11/21/2017
/ Board of Directors ,
Climate Change ,
Director Compensation ,
Diversity ,
Executive Compensation ,
Gender-Based Pay Discrimination ,
Institutional Shareholder Services (ISS) ,
Pay Gap ,
Pay-for-Performance ,
Pledges ,
Proxy Season ,
Proxy Voting Guidelines ,
Say-on-Pay ,
Shareholder Rights ,
Shareholder Votes ,
Special Purpose Acquisition Companies (SPACs)
The Division of Corporation Finance (Staff) of the U.S. Securities and Exchange Commission (SEC) recently published Staff Legal Bulletin No. 14I (SLB 14I), which provides important new and timely guidance for companies and...more