On May 3, 2023, the U.S. Securities and Exchange Commission (the “SEC”) adopted, by a 3-to-2 vote, amendments (the “Amendments”) to its existing rules (the “Existing Rules”) regarding disclosures about purchases of an issuer’s equity securities by or on behalf of the issuer or an affiliated purchaser, commonly referred to as “buybacks.” The Amendments require

Companies will be affected in a variety of ways by the receivership of Signature Bank, Silicon Valley Bank or any other similarly situated financial institution. Companies may face difficulty accessing bank facilities or the capital markets or limitations on money market or commercial paper facilities. Resulting liquidity constraints may entail difficult decisions, including prioritizing the

As debates over corporate purpose and governance intensify, a refreshing perspective from history and Delaware law may be of interest. 

Last week, Mayer Brown’s Lawrence Cunningham delivered the 37th Annual Francis G. Pileggi Distinguished Lecture in Law at Delaware Law School to the state’s corporate bench and bar.  Cunningham compares the traditional “made-to-measure” and shareholder-value

In recent years, public company directors have increasingly been asked to engaged with their shareholders. In this Across the Board post, Mayer Brown’s Larry Cunningham and Ravi Shah discuss issues to consider when devising a policy that balances the potential advantages and costs of director-shareholder engagement.

Mayer Brown’s newest resource, Across the Board™, provides