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FRC publishes revised UK Corporate Governance Code

JD Supra: Mergers

On 22 January 2024, the FRC published a revised edition of the UK Corporate Governance Code (the Code). By: Shearman & Sterling LLP

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CBCA Corporations to Begin Submitting Transparency Registers to the Government: Public Access to Follow

JD Supra: Mergers

Beginning January 22, 2024, federal corporations will be required to provide certain information from their registers of individuals with significant control (“ISC Registers”) to the federal government, which will then enter that information into what is to become a publicly accessible database.

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Challenges to the Corporate Transparency Act

JD Supra: Mergers

The Corporate Transparency Act (the “CTA”), which became effective on January 1, 2024, requires certain domestic and foreign companies doing business in the United States to file a beneficial ownership report with the U.S. Originally Published in Quorum: Insights Into Corporate Governance, M&A and Securities Law - April 10, 2024.

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Amendments to DGCL Proposed After Chancery Decisions on M&A Practice and Stockholder Agreements on Corporate Governance Rights

JD Supra: Mergers

By: Morgan Lewis

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Federal Court Declares Corporate Transparency Act Unconstitutional: Implications and Recommendations for Businesses

JD Supra: Mergers

Yellen that the Corporate Transparency Act (the “Act”) is unconstitutional. The court ruled that none of the legislative powers identified by the government, including the Commerce Clause, Congress’ taxing power, its authority over foreign affairs and national security, and the Necessary and Proper.

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Rock Center for Corporate Governance at Stanford University

Cleary M&A and Corporate Governance Watch

Cleary Gottlieb partner Francesca Odell was interviewed by the Rock Center for Corporate Governance at Stanford University about the board of directors’ role in corporate DEI initiatives in light of recent Supreme Court decisions on affirmative action. To view the interview, click here or in the window below.

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Corporate Transparency Act Risks for Startups and Venture-Backed Companies

JD Supra: Mergers

Starting January 1, 2024, virtually all private companies will be required to report information about their beneficial owners to the Treasury Department’s Financial Crimes Enforcement Network “FinCEN”) under the Corporate Transparency Act (the “CTA”). By: Farrell Fritz, P.C.