SEC’s Proposed Regulation of Proxy Advisors raises concerns about Oversight and Accountability

By: Krishna Pathak In November 2019, the Securities and Exchange Commission (SEC) proposed new rules regarding proxy advisors.[1] The Notice of Proposed Rulemaking included provisions that restricted proxy advisors by redefining “proxy solicitation.”[2] Under the proposed amendments, a solicitation that would be subject to Rule 14a-1(1) only occurs “when a person who furnishes proxy voting […]

The 20/20 on the 2019 Coronavirus: Economic Instability in the Wake of Modern Public Health Emergencies

By: Jessica Johnson In addition to the tragic loss of life, the costs of health care treatment and prevention of disease outbreaks costs the global economy billions. For example, the Zika virus cost an estimated $3.5 billion, severe acute respiratory syndrome (SARS) cost an estimated $40 billion, and HIV/AIDS costs an estimated $563 billion.[1] Like […]

FAA Aims to Relax Restrictions on Autonomous Drone Delivery

By: Jason Arendt On Monday, February 3, 2020, the Federal Aviation Administration (FAA) announced a new plan to authorize unmanned-aircraft delivery systems.[1] This is a departure from the FAA’s previous reluctance to allow commercial autonomous drones.[2]  Typically, companies sought exceptions to existing regulations prohibiting autonomous delivery drones.[3]  The FAA is proposing rules to harmonize the […]

FCC Broadband Deregulation: Who Is the Real Winner?

By: Chris Jannace Maryland’s Montgomery County challenged a 2015 Federal Communications Commission (“FCC”) order interpreting noncash and cable-related exactions as “franchise fees.”[1]  Federal law provides that annual franchise fees paid by a cable operator “shall not exceed 5 percent of such cable operator’s gross revenues” for that period.[2]  The Sixth Circuit concluded that the FCC […]

ESG: How Socially Responsible Investing is Shaking up the Corporate Fiduciary Duty

By: Carlos Micames Environmental, social, and corporate governance (“ESG”) investing has quickly grown to become a staple of most corporations’ business strategy.[1] The ESG label represents the 3 factors in measuring the sustainability and ethical impact of a company.[2] For example, ESG Exchange-traded funds (“ETF”) tend to consist of companies that are environmentally friendly or […]