September 29, 2025
To our clients and friends:
On September 15, 2025, the SEC issued a no-action letter in response to Exxon Mobil Corporation’s request to implement a "retail shareholder voting program" whereby its retail shareholders would authorize the perpetual voting of their shares in favor of management’s recommendations. Our Legal Update, available [here], describes the requirements for— and potential ramifications of— implementing a standing proxy program. Our Legal Update also offers tips for public holding companies interested in pursuing the use of standing proxies.
Luse Gorman, PC regularly advises companies regarding corporate governance, shareholder matters and SEC developments. If you have any questions related to this Legal Update, please contact the authors. To learn more about our firm and services, please visit our website.
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September 8, 2025
To our clients and friends:
Today we published Volume 21 of The Bankers’ Bulletin, providing our insights into key banking industry developments from August 2025, including:
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September 8, 2025
Today we published Volume 21 of The Bankers’ Bulletin, providing our insights into key banking industry developments from August 2025, including:
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August 21, 2025
To our clients and friends:
Brendan Clegg, Partner at Luse Gorman, recently authored an article for American Banker’s BankThink titled “Banks Deserve the Ability to Appeal Regulators’ Enforcement Actions.”
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August 19, 2025
On August 7, 2025, President Trump signed an Executive Order titled “Guaranteeing Fair Banking For All Americans” to combat perceived “politicized or unlawful debanking” practices by regulated financial institutions against persons or entities based on their political affiliations, religious beliefs, or business activities. Our Legal Update, available here, provides an overview of the Executive Order’s requirements and key takeaways for banks and credit unions that may face new scrutiny by their regulators in the area of fair access following the Order.
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