Richards, Layton & Finger (RLF), a law firm that represents Tesla and Elon Musk, has written proposed legislation to amend Delaware General Corporation Law (DGCL) to provide a safe harbor for transactions in which a director or officer or a controlling stockholder may have a conflict of interest, CNBC reports.

President Donald Trump signed an executive order February 18 that requires all federal agencies, including the SEC, to submit draft regulations for White House review.

The Trump Administration’s massive pushback against diversity, equity and inclusion (DEI) initiatives is producing results as two major proxy advisors are reconsidering how they factor diversity into their voting recommendations and companies are scaling back or eliminating their DEI programs.

The Shareholder Rights Group, ICCR and As You Sow sent the SEC a letter February 18 urging the agency not to apply retroactively a recent staff legal bulletin addressing when companies can rely on Rule 14a-8(i)(5), the “economic relevance” exclusion and Rule 14a-8(i)(7), the “ordinary business” exclusion to omit shareholder proposals from their proxy statements.
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