CII sent a letter March 6 to Delaware Governor Matt Meyer and Delaware legislators expressing opposition to Senate Bill 21. The legislation, which was written by Richards, Layton & Finger, a law firm that represents Tesla and Elon Musk, would 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.

The FDIC’s board announced March 3 that it is withdrawing proposed rules that would bolster the governance standards and protect executives’ pay from excessive risk at 57 banks with total consolidated assets of $10 billion.