March 2026 Roundtable 

I. Toward the 2026 Proxy Season

A. Looking Back to 2025

• Data and Insights on Corporate Governance Developments and Important Trends in Proxy Voting (Broadridge, Nov. 4, 2025)
• US Proxy-Voting Trends: 2025 in Review (Morningstar, Feb. 16, 2026)
• 2025 Proxy Season Review: From Escalation to Recalibration (TCB, Sep. 15, 2025)
• 2025 U.S. Governance Post-Season Review: Evolving Priorities in a Shifting Landscape (ISS, Oct. 13, 2025)

B. Looking Forward to the 2026 Season

• Preparing for the 2026 Annual Reporting and Proxy Season (A&O Shearman, Feb. 17, 2026)
• Thoughts for Boards: Key Issues for 2026 (Wachtell, Feb. 3, 2026)
• Key Considerations for the 2026 Proxy Season (Debevoise, Jan. 30, 2026) 

II. Activism: Looking Back to 2025 and Forward to 2026

• 2025 Review of Shareholder Activism (Barclays, Jan. 27, 2026)
• Shareholder Activism: Ten Trends for 2026 (Wachtell, Oct. 16, 2025)
• Key Shareholder Activism Trends to Watch in 2026 (Fried Frank, Jan. 5, 2026)
• Key Issues for Companies and Activist Investors Heading into the 2026 Proxy Season (Akin Gump, March 7, 2026)

III. Compensation: Looking Back to 2025 and Forward to 2026

A. Trends in Compensation Levels

• S&P 500 CEO Compensation Trends (Pay Governance, Feb. 4, 2026)
• Pulse on Pay: 12 Years of CEO Pay (Semler Brossy, Jan. 26, 2026)

B. Say on Pay Outcomes in 2025

• Recap of the 2025 Say on Pay Season (Pay Governance, Sep. 24, 2025)
• 2025 U.S. Compensation Post-Season Review: Strong Investor Support Despite Record CEO Pay (ISS, Oct. 30, 2025)

C. Preview of 2026 Compensation Issues

• Compensation Season 2026 (Wachtell, Jan. 31, 2026)
• Do Shareholders Have a Say on Say-on-Pay? (Egan-Jones, Sep. 10, 2025)

IV. Evolving Proxy Voting, Engagement, and Stewardship Practices

A. General

• ISS and Glass Lewis 2026 Policy Updates (CAP, Jan. 20, 2026)
• Institutional Investor Engagement and Stewardship (OECD, Jan. 7, 2026)
• The “Big Three” Shift Approach to Stewardship (Wachtell, Aug. 27, 2025)
• 2025 Proxy Season Review: Volatility, Evolving Tactics and New Expectations for Shareholder Engagement (H/Advisors Abernathy, Sep. 12, 2025)

B. SEC No-Action Practices

• Statement Commenting on the SEC’s Withdrawal from the No Action Process (ICCR, Jan. 28, 2026)
• ‘We Will Get By, We Will Survive’ – The Future of Shareholder Proposals (Cooley, Dec. 22, 2025)
• Nathan Cummings Foundation v. Axon Enterprise, Inc. (Nathan Cummings Foundation, March 6, 2026)

C. Toward Further Curtailing of Precatory Proposals

• Keynote Address by Chair Atkins on Revitalizing Public Company Appeal (SEC, Oct. 11, 2025)

D. Proxy Advisors’ Regulation and Governance

• SEC Investment Management Director Questions ‘Vote-All’ Proxy Practices and Adviser Reliance on Proxy Advisors (Akin Gump,  Feb. 19, 2026)
• President Trump’s Executive Order on Proxy Advisors: The Potential Pros and Cons for Companies (Teneo, Jan 22, 2026)
• Texas Enacts New Law to Regulate Proxy Advisory Firms (Jones Day, Jul. 13, 2025)
• Glass Lewis to End Benchmark Proxy Voting Policy: What Companies Should Know (Skadden, Oct. 29, 2025)

E. 13D / 13G Regime Developments

• Shareholder Engagement Under the New 13G Regime: Key Takeaways From Recent Panel (Kirkland, Oct. 10, 2025)
• Fiduciary Stewardship, Systemic Risk, and Democratic Authority: A Critique of the Paxton–Vanguard Settlement (Minerva Analytics, March 4, 2026)

F. Exempt Solicitation

• SEC Adds Flexibility to M&A, Proxy, and Tender Offer Rules with New Interpretations (Freshfields, Feb. 25, 2026)

G. Mandatory Arbitration Clauses in Registration Statements

• Statement by Chair Atkins on Policy Statement Concerning Mandatory Arbitration and Amendments to Rule 431 of the Commission’s Rules of Practice (SEC, Sep. 18, 2025)
• New SEC Policy Opens Door to Mandatory Investor Arbitration (DragonGC, Sep. 30, 2025)

V. Corporate Law Developments 

A. DExit and State Competition

• Is “DExit” real? (A&O Shearman, Jan. 29, 2026)
• Remarks by Chair Atkins on Revitalizing U.S. Capital Markets and State Competition in Corporate Law (SEC, Feb. 18, 2026)

B. SB 21 Implementation

• SB 21’s § 144 and Controlling Stockholders: Back to the Future? (Wachtell, Nov. 5, 2025)
• Controllers Unbound (Bebchuk & Kastiel, Jan. 27, 2026)

C. Texas and Nevada

• Summary of Recent Changes to Delaware, Nevada, and Texas Corporate Law (Sullivan, Jul. 5, 2025)

VI. AI and Governance

A. AI on the Issuer Side

• Do’s and Don’ts of Using AI: A Director’s Guide (Skadden, Sep. 14, 2025)
• A Look at AI-Related Shareholder Proposals at U.S. Companies, 2022-2025 (ISS, Dec. 22, 2025)

B. AI on the Investor Side

• A Proxy Odyssey: What Will 2030 U.S. Proxy Season Look Like? (Teneo, Feb. 14, 2026)
• AI and the Future of Proxy Research: How New Tools are Reshaping Stewardship Workflows (Tumelo, March 3, 2026)
• Building a Policy-First System for Proxy Voting and Governance Analysis (Proxywise AI, March 5, 2026)