The Informed Board

Skadden Publication

Directors must cope with constantly shifting challenges. To help boards navigate these, Skadden launched The Informed Board, a periodic collection of concise articles that provide broad insights about key issues directors face. In these pieces, we aim to help flag potential problems that may not be fully appreciated, explain trends, share our observations and give directors practical guidance without a lot of legal jargon. These articles are based not just on Skadden’s knowledge of the law, but also on our front-line experience inside boardrooms. 

June 2026

How to Stay Ahead of the Risk That Your Insiders Could Trade on Prediction Markets
To prevent harm to their business by insiders trading on prediction markets, companies may need to review their codes of conduct and other policies covering confidentiality and the misappropriation of information to be sure they extend to employees’ use of nonpublic information to profit on these new markets.

AI Drafting Board Minutes? Hold Up, Wait a Minute. It’s Complicated.
AI tools can help directors prepare for meetings, digest board materials and draft board minutes, but there are risks to directors using the technology, including the possibility that AI-produced content could become discoverable and detrimental in the event of litigation.

Interview: How AI Is Driving M&A … and Changing the Process 
AI is reshaping dealmaking, says Drago Rajkovic, Citigroup’s co-head of M&A, channeling vast amounts of capital in new directions and, at the same time, altering the process of buying and selling.

Podcast: Market Conditions Are Ripe for Long-Term Investment — Jefferies Chief Market Strategist
Rising productivity, a growing capital share of GDP, a favorable regulatory environment and strong demographic tailwinds make this an extraordinary time for businesses to deploy capital, says David Zervos, chief market strategist at Jefferies.

February 2026

Will Curbs on Proxy Advisors Make Shareholder Votes Less Predictable?
As the administration challenges the power of proxy advisors and some institutional investors take decision-making in-house, it may be harder to muster support for critical shareholder votes and outcomes could be less predictable.

No Loopholes for AI: Putting Legal Guardrails on Your Company's Use of AI
While there is no comprehensive federal AI law in the U.S., many existing laws govern business uses of AI, particularly in regulated industries. Companies need to take stock of the ways they employ AI and identify areas that may already be regulated.

Interview: Effective Board Evaluations: A Director’s Practical Tips
Forget check-the-box questionnaires. Confidential, in-person director interviews by an outsider about critical board roles and functions yield candid feedback that will spark discussion. But follow-through on the insights that emerge is essential.

Podcast: As AI Evolves, So Must Board Oversight
AI is advancing so quickly that directors need to familiarize themselves with the technology and regularly reevaluate their companies’ use of it to stay on top of its potential and risks.

December 2025

Podcast: Mick Mulvaney Offers Insights on US Government Involvement in the Private Sector
How should we think about the federal government taking equity stakes in companies, encouraging investment in companies that are important to national security and guiding foreign investment in the U.S.? First-term Trump White House chief of staff and OMB director Mick Mulvaney shares his views with Skadden’s Ann Beth Stebbins about the dangers and the opportunities.

Would Your Company Want To Stop Filing Quarterly Reports if No Longer Required? 
Semiannual financial reporting could free up resources and allow managements to focus on the long term. But less frequent reporting could complicate buybacks and trading by insiders, and companies could be forced to make more disclosures in between full financial reports. Moreover, markets may demand quarterly reporting.

Could Mandatory Arbitration Spell the End of Securities Class Actions?
The SEC has opened the door for companies to adopt mandatory arbitration clauses for federal securities law claims, but it’s not clear how many companies will walk through it. Some companies may decide they are better off litigating in court rather than before an arbitrator.

Watch Out for the Watchdogs
Watchdog groups with no direct financial stake in a company may write its board directly about critical issues that concern the group such as safety, ethics or compliance. To avoid pitfalls, boards need a process to determine how to respond. 

Interview: How Boards Can Use Their Time Together Most Effectively
To get the most out of time together in the boardroom, management and directors need to leverage the time spent outside the boardroom, devoting meetings mainly to discussion, not presentations, says Alarm.com director Simone Wu. 

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