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Preparing for the 2025 Reporting Season: Proxy Season Reminders
With the 2025 proxy season upon us, this Alert highlights governance, disclosure, and engagement considerations for companies preparing for their 2025 annual meetings. Many of the governance and disclosure matters discussed below remain consistent with prior rulemakings and disclosure requirements adopted by the U.S. Securities and Exchange Commission (SEC). However, in recent weeks, we have […]
Tamara Brightwell is a Partner at Wilson Sonsini Goodrich & Rosati. This post is based on a Wilson Sonsini memorandum by Ms. Brightwell, Brandon Gantus, Michael Klippert, Allison Spinner, Lisa Stimmell, and Courtney Mathes.
With the 2025 proxy season upon us, this Alert highlights governance, disclosure, and engagement considerations for companies preparing for their 2025 annual meetings. [1] Many of the governance and disclosure matters discussed below remain consistent with prior rulemakings and disclosure requirements adopted by the U.S. Securities and Exchange Commission (SEC). However, in recent weeks, we have seen a significant shift in the discourse and approach regarding environmental, social, and governance matters, particularly related to diversity, equity, and inclusion (DEI) disclosures. These disclosures had become common in proxy statements and were seen as responsive to the expectations of proxy advisory firms and large institutional investors; however, as our 2025 Environmental and Social Developments alert discusses in greater detail, recent developments have changed how some of these stakeholders are approaching these matters. We highlight below several considerations relating to these developments but note that the approach on these issues by many other stakeholders remains in flux.
