On September 23, 2020 the Securities and Exchange Commission (“SEC”) adopted amendments to 17 C.F.R. § 240.14a-8 (“Rule 14a-8”), raising the bar for shareholders seeking to force votes on proposals. The rule comes on the heels of persistent and repeat shareholder proposals in various areas including, notably, pay gap data reporting.
Mr. Foley also devotes a significant portion of his practice to providing pro bono services, primarily in civil rights and immigration matters.
He has written and contributed to articles appearing in the New York Law Journal, Harvard Law School Forum on Corporate Governance, Financial Law Fraud Report, Bloomberg BNA, and Westlaw Journal. He was previously an associate with Cadwalader, Wickersham & Taft LLP.