• Skip to main content
  • Skip to primary sidebar

Securities Regulation and Corporate Governance Monitor

  • Home
  • About
  • Editors
  • Topics
  • Subscribe
  • Home
  • About
  • Editors
  • Topics
  • Subscribe
Lauren M. Assaf-Holmes

Lauren M. Assaf-Holmes

Of Counsel, Orange County

lassaf-holmes@gibsondunn.com

+1 949.451.3990

Based in Gibson Dunn’s Orange County office, Lauren Assaf-Holmes advises public companies across industries on ESG reporting and standards, regulatory compliance, and corporate governance matters as a member of the firm’s ESG: Risk, Litigation, and Reporting and Securities Regulation and Corporate Governance practice groups. Her practice benefits from more than a year serving as in-house securities counsel during her secondment with a global Fortune 100 semiconductor and technology company.

View Full Profile

California Announces It Will Not Enforce Climate-Related Risk Reporting Law (SB 261)

December 2, 2025 | Posted by Ronald O. Mueller; Julia Lapitskaya; Lauren M. Assaf-Holmes Topic(s): Disclosure; Environmental/Climate Change; ESG

As previously reported, California’s SB 261 would have required U.S. companies (public and private), other than insurers, with more than $500 million in annual revenue that do business in California to publish their first climate-related financial risk report on or before January 1, 2026. See California’s Health and Safety Code Section 38533 (as adopted by Senate Bill 261 and subsequently amended).

This is no longer the case:

  • On November 18, 2025, the U.S. Court of Appeals for the Ninth Circuit enjoined the law pending an appeal by a coalition of leading business organizations challenging its constitutionality in the ongoing legal proceeding. The case is Chamber of Commerce of the United States et al. v. Sanchez et al., No. 25-5327 (9th Cir.).
  • On December 1, 2025, the California Air Resources Board (“CARB”), the state agency responsible for enforcing SB 261, responded to the injunction by posting an enforcement advisory stating it would not enforce the law “against covered entities for failing to post and submit reports by the January 1, 2026, statutory deadline.” Instead, CARB “will provide further information—including an alternate date for reporting, as appropriate—after the appeal is resolved.”

This advisory resolves any question as to whether the court’s injunction applied only to the parties to the case and their members by stating that all in-scope companies are no longer expected to publish a climate-related risk report by the original January 1, 2026 deadline. CARB has posted a docket and instructions for companies who nonetheless wish to voluntarily submit a report.

Read More

SEC Signals Potential Strategy Shift in Climate Disclosure Rule Litigation

February 14, 2025 | Posted by Lauren M. Assaf-Holmes; Ronald O. Mueller; Lori Zyskowski; Thomas J. Kim; James J. Moloney Topic(s): Corporate Governance; Disclosure; Environmental/Climate Change; ESG; Securities Regulation

On Tuesday, Mark Uyeda, Acting Chairman of the Securities and Exchange Commission (the “SEC”), issued a statement signaling potential updates to the SEC’s position in the ongoing legal challenges to its climate disclosure rule. As previously reported, the SEC stayed its climate disclosure rule last year pending the outcome of the related consolidated litigation before the Eighth Circuit Court of Appeals.

Read More

Primary Sidebar

Topics

Audit Committee

Capital Markets

Compensation Committee

Corporate Governance

Disclosure

Dodd Frank

Environmental/Climate Change

ESG

EU Regulation

Executive Compensation

FCPA

Financial Statements

Human Capital Management

India Regulation

Investment Act/Investment Advisors Act

IPOs

JOBS Act

M&A

Miscellaneous

Private Placements

Proxy Access

Proxy Statements and Annual Meetings

Registered Securities Offerings

Registration Statements

Say on Pay

SEC Rulemaking and Guidance

Securities Regulation

Shareholder Proposals

UK Regulation

Underwriters and Agents

Whistleblower Rules

Editors

Alisa Babitz

J. Alan Bannister

Cléo Batista

Carla Baum

Aaron Briggs

Becky Chung

Michael Collins

Stephanie Collins

Sydney Colopy

Colin B. Davis

Georgia Derbyshire

Matthew L. Dolloff

Julie Doria

Justine Y. Drohan

Mellissa Campbell Duru

Andrew L. Fabens

Sebastian L. Fain

Sean C. Feller

Pierre-Emmanuel Fender

Jason Ferrari

Tull Florey

Jonathan D. Fortney

Marian Fowler

Thomas W. Franck

Frederick Freeman

Ferdinand M. Fromholzer

Stephen Glover

Matt Gregory

Muriel Hague

William R. Hallatt

Gina Hancock

Krista P. Hanvey

Nick Harper

Hillary H. Holmes

Elizabeth A. Ising

Lauren Cook Jackson

Rachel Jackson

Atma Kabad

Andrew Kaplan

Saad Khan

Thomas J. Kim

Michelle M. Kirschner

Harrison A. Korn

David Korvin

Marie M. Kwon

Brian J. Lane

Ari Lanin

Julia Lapitskaya

Alexis Levine

Kristen C. Limarzi

Robert B. Little

Vanessa Ludwig

Cynthia M. Mabry

Stewart McDowell

Hayden McGovern

Gregory Merz

Hank Michael

Babette Milz

Mark H. Mixon Jr.

Ronald O. Mueller

Michael K. Murphy

Ekaterina (Kate) Napalkova

Ashlyne J Polynice

Johannes Reul

Hagen H. Rooke

Sameera Sameera Kimatrai

Annie Saunders

Michael Scanlon

Eric Scarazzo

Meghan Sherley

Gerry Spedale

Matt Staugaard

Jeffrey L. Steiner

Rodrigo Surcan

Karin Thrasher

Michael A. Titera

Nicholas Tok

Harrison Tucker

Maggie Valachovic

Geoffrey E. Walter

Peter Wardle

David C. Ware

Sara K. Weed

William L. Wortmann

Mason F Ye

Robyn Zolman

Lori Zyskowski

Useful Links

  • Gibson Dunn Website
  • Society for Corporate Governance
  • Institutional Shareholder Services
  • New York Stock Exchange
  • NASDAQ
  • SEC
  • Conference Board’s Center for Corporate Governance
  • Glass Lewis & Co., Inc.
  • TheCorporateCounsel.net
  • CompensationStandards.com
  • Romeo & Dye’s Section 16.net
  • Harvard Law School Forum on Corporate Governance and Securities Regulation
  • National Association of Corporate Directors
  • Columbia Law Blue Sky Blog
  • ESG Resources for Public Companies

Archives

Subscribe to Updates
RSS Feed
  • Privacy Statement
  • Cookie Notice
  • Contact Us
© 2026 Gibson, Dunn & Crutcher LLP. All rights reserved.