Worldwide: Shareholders

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Business law and corporate law thought leadership, articles, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics that involve business and corporate law produced by specialists working in this area every day.
Article
Can A Trust Or An Agreement Be A “Company” Under The Bank Holding Company Act?
The Federal Reserve has established a four-part safe harbor for determining when voting trusts, buy-sell agreements, and similar shareholder arrangements will not be treated as a "company" under the Bank Holding Company Act. Understanding these requirements is critical for structuring governance arrangements that avoid unintended regulatory consequences, particularly regarding termination provisions that override state perpetuity laws.
United States Finance
DM
Duane Morris LLP
Article
Acting In Concert: Shareholder Agreements And Change In Bank Control Filings With The Federal Reserve
The Change in Bank Control Act framework contains a critical provision that can unexpectedly transform individual shareholders into a regulated group with collective filing obligations. Understanding when shareholders are deemed to be "acting in concert" is essential for compliance, particularly when shareholder agreements exist or when new members join existing control groups.
United States Finance
DM
Duane Morris LLP
Article
SEC Ends Shareholder Proposal No-action Relief Process
The Securities and Exchange Commission has eliminated its longstanding no-action relief process for shareholder proposals under Rule 14a-8, fundamentally altering how companies and shareholders navigate proxy statement disputes. This shift represents the beginning of a broader reassessment of the shareholder proposal framework that could reshape corporate governance dynamics and force companies to reconsider their engagement strategies with activist shareholders.
United States Commercial
AO
A&O Shearman
Article
Another “Minute About Minutes”
Delaware's Court of Chancery has issued two significant opinions clarifying how corporate minutes should be prepared and what role they play in stockholder inspection rights and litigation. These decisions highlight critical discrepancies between board minutes and proxy statements, and demonstrate how courts use meeting materials to evaluate board conduct. What do these rulings mean for corporate governance practices and the preparation of board documentation?
United States Commercial
DM
Duane Morris LLP
Article
SEC Announces Withdrawal From Rule 14a-8 Shareholder Proposal Process
The SEC's Division of Corporation Finance has announced a significant policy shift, immediately ceasing all responses to no-action requests for shareholder proposal exclusions under Rule 14a-8. This decision removes the Staff from any substantive role in the shareholder proposal exclusion process, fundamentally altering how companies must evaluate and justify excluding shareholder proposals from their proxy materials.
United States Commercial
W
WilmerHale
Article
Federal Reserve Proposes Long-Awaited Modernization Of Regulation O Insider Lending Rules
On July 31, 2026, the Board of Governors of the Federal Reserve System (the “Board”) proposed the most significant updates to insider lending restrictions for banks in more than three decades (“Proposed Rule”). If finalized, the amendments to Regulation O would, among other things, modernize long-outdated dollar thresholds, codify significant staff interpretations and statutory provisions, and provide targeted relief for banks which have passive investment funds as “principal shareholders” (10% or more of a class of voting shares).
United States Commercial
ST
Simpson Thacher & Bartlett
Article
Reputational Risk And Legal Exposure: Why New Jersey Businesses Must Manage Them Together
In an era where legal disputes unfold simultaneously in courtrooms and across social media, New Jersey businesses face a critical challenge: managing legal exposure and reputational risk as interconnected concerns rather than separate issues. When a complaint becomes publicly accessible online within moments of filing, or when regulatory investigations trigger immediate stakeholder scrutiny, the traditional separation between legal strategy and public perception becomes not just outdated but potentially
United States Commercial
SH
Scarinci Hollenbeck LLC
Article
Texas Business Court Clarifies Conversion Claims And Shareholder Standing In Business Dissolution Dispute
The Texas Business Court's Fourth Division recently addressed fundamental questions about shareholder standing and conversion claims in the context of a dissolving business partnership. When two co-owners of physical therapy clinics and related real estate entities could not agree on separation terms, their dispute raised critical procedural issues about who can sue for corporate injuries and what pleading standards apply under Rule 91a motions to dismiss.
United States Litigation
GT
Greenberg Traurig, LLP
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