TheCorporateCounsel.net

Check out our latest 26-minute episode of the “Timely Takes” podcast – diving into Staff Legal Bulletin No. 14M. Meredith caught up with MoFo’s Ryan Adams to discuss:

1. Background on rescinded SLB 14L

2. The “ordinary business,” “micromanagement” and “economic relevance” bases for exclusion following SLB 14M

3. Whether companies will continue to submit a “board analysis”

4. The significance of SLB 14M’s note that the 2022 proposed amendments to the “substantial
implementation,” “duplication” and “resubmission” bases for exclusion under 14a-8 have not been adopted

5. SLB 14M’s guidance on proof of ownership and deficiency letters

6. What the timing of SLB 14M means for companies as they navigate this shareholder proposal season

If you have insights on a securities law, capital markets or corporate governance issue, trend or development that you’d like to share, email John at john@thecorporatecounsel.net or Meredith at mervine@ccrcorp.com.

– Liz Dunshee