March 2019 Roundtable

I. Keynote Session with
Chief Justice Leo E. Strine, Jr.

• Who Bleeds When the Wolves Bite?, Chief Justice Leo E. Strine, Jr., Feb. 2017
• Corporate Power is Corporate Purpose I: Evidence from My Hometown, Chief Justice Leo E. Strine, Jr., Feb. 2017

II. Toward the 2019 Proxy Season

A. 2018 Proxy Season

• 2018 Proxy Season Review, Sullivan & Cromwell LLP, 2018
• 2018 Annual Corporate Governance Review, Georgeson LLC, Dec. 2018

B. The Coming Proxy Season

• 2019 Proxy Season Preview, EY Center for Board Matters, Feb. 2019
• Preparing for the 2019 Proxy Season: Practical Guidance for Directors and Board Committees, Sullivan & Cromwell LLP, 2018

C. ISS / Glass Lewis Updates for the 2019 Proxy Season

• ISS and Glass Lewis Policy Updates for the 2019 Proxy Season, Sidley Austin LLP, 2018

III. Social Responsibility

A. Corporate Purpose and Culture

• Purpose & Profit, BlackRock, Inc., Jan. 2019
• 2019 Proxy Letter—Aligning Corporate Culture with Long-Term Strategy, State Street Global Advisors, Jan. 2019
• It’s Time to Adopt the New Paradigm, Martin Lipton, Feb. 2019

B. Social Responsibility Proposals

• 2018 Proxy Season Review, Sullivan & Cromwell LLP, 2018
• Climate Change and Proxy Voting in the U.S. and Europe, ISS-ESG and ISS Analytics, Jan. 2019
• Shedding Light on Diversity-Based Shareholder Proposals, Equilar, Inc., Oct. 2018

C. ESG Metrics and Disclosures

• Remarks to the SEC Investor Advisory Committee, SEC Chairman Jay Clayton, Dec. 2018
• Clayton Q&A and ESG at the SEC’s Investor Advisory Committee Meeting, Cooley LLP, 2018
• Making Sense of the Current ESG Landscape, Skadden, Arps, Slate, Meagher & Flom LLP, 2018

D. Exclusion of “Ordinary Business” Proposals

• The SEC’s New Shareholder Proposal Guidance, Skadden, Arps, Slate, Meagher & Flom LLP, Nov. 2018
• The Economic Relevance and Ordinary Business Exclusion for Shareholder Proposals, Cooley LLP, Nov. 2018

IV. Current Legal Developments and Proposals

A. Federal Incorporation

• EHF18429: The Accountable Capitalism Act, Senator Elizabeth Warren, Aug. 2018
• Further to the Warren Bill, The New Paradigm and a Better Way, Wachtell, Lipton, Rosen & Katz, 2018

B. Mandatory Arbitration

• Keeping Investors out of Court – The Looming Threat of Mandatory Arbitration, Bernstein Litowitz Berger & Grossmann LLP, Feb. 2019
• The Division of Corporate Finance’s Response to Mandatory Arbitration Proposals, Cooley LLP, Feb. 2019
• Statement on Shareholder Proposals Seeking to Require Mandatory Arbitration Bylaw Provisions, SEC Chairman Jay Clayton, 2019
• Delaware Law Status of Bylaws Regulating Litigation of Federal Securities Law Claims, Lawrence Hamermesh, 2018

C. The California Bill on Board Diversity

• California Law Awaiting Governor’s Signature Exceeds State’s Jurisdiction, Wachtell, Lipton, Rosen & Katz, Sept. 2018
• My Beef with Stakeholders: Remarks at the 17th Annual SEC Conference, SEC Commissioner Hester M. Peirce, Sept. 2018
• Mandating Women on Boards: Evidence from the United States, Sunwoo Hwang, et al., 2018

D. Eligibility for Shareholder Proposal Submissions

• What Happened at the SEC’s Proxy Process Roundtable?, Cooley LLP, Nov. 2018
• Clearing the Bar: Shareholder Proposals and Resubmission Thresholds, Council of Institutional Investors, Dec. 2018

E. Universal Proxy

• Universal Proxies: What Companies Need to Know, Latham & Watkins LLP, 2018
• Were Reports on the Demise of the Universal Proxy Premature?, Cooley LLP, 2018
• The Universal Proxy Gains Traction: Lessons from the 2018 Proxy Season, MacKenzie Partners, Inc., Sept. 2018

V. Boards

A. Board Skills, Diversity and Composition

• The 2018 U.S. Spencer Stuart Board Index, Spencer Stuart, Nov. 2018
• Director Skills: Diversity of Thought and Experience in the Boardroom, Institutional Shareholder Services, Inc., Oct. 2018
• Boardrooms Without Female Representation, Equilar, Inc., Jan. 2019
• Equilar Q3 2018 Gender Diversity Index, Equilar, Inc., Jan. 2019

B. Boards in the Age of #MeToo

• The Board, CEO Misconduct, and Corporate Culture, Edelman, Jan. 2019
• Corporate Governance Update: Shareholder Activism Is the Next Phase of #MeToo, Wachtell, Lipton, Rosen & Katz, Sep. 2018
• How to Fire an Accused CEO: Moonves Departs CBS, Glass, Lewis & , Oct. 2018
• Bringing the #MeToo Movement into the Boardroom, Cleary Gottlieb Steen & Hamilton LLP, 2018

C. Board Independence and Evaluation

• The Role of the Lead Independent Director, Legal & General Investment Management Ltd., 2018
• Today’s Independent Board Leadership Landscape, EY Center for Board Matters, 2018
• Effective Board Evaluation, EY Center for Board Matters, Oct. 2018

VI. Engagement Between Issuers and Investors

A. Current Thinking on Engagement

• Engaging with Rakhi Kumar of State Street Global Advisors, CamberView Partners, Sept. 2018
• Talking Governance with Donna Anderson, Gladstone Place Partners, LLC, Jan. 2019
• BlackRock Investment Stewardship Engagement Priorities for 2019, BlackRock, Jan. 2019

B. Emerging Consensus?

• An Investor Consensus on U.S. Corporate Governance & Stewardship Practices, Florida State Board of Administration, May 2018
• Open Letter: Commonsense Corporate Governance Principles 2.0, Sard Verbinnen & Co., Oct. 2018
• Commonsense Principles 2.0: A Blueprint for U.S. Corporate Governance?, Weil, Gotshal & Manges LLP, Oct. 2018

C. Virtual Meetings

• A Practical Guide to Virtual-Only Shareholder Meetings, Hunton & Williams LLP, Nov. 2017
• Virtual-Only Shareholder Meetings: Streamlining Costs or Cutting Shareholders Out?, Glass, Lewis & Co., Nov. 2017

D. Proxy Access

• Proxy Access Proposals, Shearman & Sterling LLP, 2018