The Securities Regulation and Corporate Governance Monitor is a publication of Gibson Dunn’s Securities Regulation and Corporate Governance and Capital Markets Practice Groups. This is a forum to share with clients and friends our current thoughts on developments and trends in securities regulation, corporate governance, environmental, social and governance, or ESG, risks and opportunities, capital markets, and executive compensation. The views expressed here should not be construed as being the firm’s policies or suggested best practices, or as substitute for legal advice that addresses specific facts and circumstances.