Latest Articles

New Administration Orders Repeal of 10 Regulations If One New Regulation Is Proposed or Adopted

Recently, the new administration issued this executive order mandating that federal agencies identify at least 10 regulations to be repealed if that agency proposes or adopts a new regulation, per Section 3 of the order. Section 5 defines “regulation” broadly to cover rules, regulations, policy statements and guidance. This is similar to the last time President Donald Trump was in office – except back then, …

BlackRock and Vanguard Update Their Proxy Voting Guidelines

Here’s the intro from this Cooley Alert penned by a bevy of our finest: “On January 31, 2025, Vanguard issued its proxy voting policy for US portfolio companies, following the publication of BlackRock’s proxy voting guidelines for benchmark policies – US securities in December 2024. The updates from these two leading institutional investors introduce new provisions to reflect evolving perspectives on governance, compensation, sustainability and …

Nasdaq Board Diversity Rules Officially Gone

As Cooley’s Cydney Posner notes in this blog, the SEC recently issued this order to approve a Nasdaq proposal “operative upon filing” rather than wait the traditional 30 days. The Nasdaq proposal removes the relevant board diversity provisions from its rules to reflect “a Federal court’s vacatur of the Commission’s order of August 6, 2021, approving rules related to Board diversity disclosures.” As we wrote …