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Legal or Not, it s Working: Mandatory Board Diversity for Publicly-held Companies Headquartered in the Golden State | Troutman Pepper

Crest I), a taxpayer seeks an injunction against the Secretary s allegedly unlawful expenditure of public funds to enforce the gender quota as an allegedly invalid classification in violation of the Equal Protection clause of the California Constitution.[12] In June 2020, the superior court overruled the Secretary s demurrer and upheld the taxpayer plaintiff s statutory standing to challenge an allegedly illegal use of public funds.[13] The case is headed for trial in late 2021. The same plaintiff and law firm filed a nearly identical action, Crest II, on the heels of the 2020 diversity mandate legislation.[14] In both cases, the lead issue for trial will be whether the quota-like board mandates violate the California Constitution, which provides: The State shall not discriminate against, or grant preferential treatment to, any individual or group on the basis of race, sex, color, ethnicity, or national origin in the operation of public employment, public education, or pub

Regulatory Developments Update: December 2020

TSCA/ FIFRA/ TRI, RCRA/ CERCLA/ CWA/ CAA/ PHMSA/ SDWA, COVID-19, FDA, NANOTECHNOLOGY and more: Recent Regulatory Developments Wednesday, December 16, 2020 TSCA/FIFRA/TRI EPA Proposes SNURs For Certain Chemical Substances: On November 16, 2020, the U.S. Environmental Protection Agency (EPA) published proposed significant new use rules (SNUR) for certain chemical substances that are the subject of premanufacture notices (PMN). 85 Fed. Reg. 73007. The proposed SNURs would require persons to notify EPA at least 90 days before commencing manufacture (defined by statute to include import) or processing of any of these chemical substances for an activity that is designated as a significant new use. The proposed SNURs would further require that persons not commence manufacture or processing for the significant new use until they have submitted a significant new use notice (SNUN), and EPA has conducted a review of the notice, made an appropriate determination on the notice unde

HKEX Publishes Its Latest Review Of Issuers Corporate Governance Practices, And Practitioners Insights On Corporate Governance And ESG

HKEX Publishes Its Latest Review Of Issuers’ Corporate Governance Practices, And Practitioners’ Insights On Corporate Governance And ESG Date 11/12/2020 The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), today (Friday) published: (a) the findings of its latest review of issuers’ corporate governance practices (Review); and (b) market practitioners’ insights entitled “Making inroads into good Corporate Governance and ESG management” (Practitioners’ Insights).   Corporate governance and environmental, social and governance (ESG) are key pillars in upholding the quality and reputation of Hong Kong’s markets, which in turn contributes to the competitiveness and attractiveness of Hong Kong’s markets. Promoting corporate governance and ESG amongst Hong Kong’s issuers is a journey the Exchange is committed to for the long term.

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