Register at:www.law.northwestern.edu/sri

47TH ANNUAL

Securities RegulationInstitute

January 27–29, 2020Coronado, California

PANELISTSTimothy R. Baer, Managing Partner, TRB Partners LLC and Retired Executive Vice President, Chief Legal Officer and Corporate Secretary, Target, Minneapolis

Meredith B. Cross

Joele Frank, Managing Partner, Joele Frank, Wilkinson Brimmer Katcher, New York City

10:30–11:45 a.m. | Corporate Governance 2020: The Latest from Delaware and Beyond • Addressing board diversity and refreshment

• CEO succession under the microscope

• The board’s role in cybersecurity and data privacy issues

• Delaware update

SESSION CO-CHAIRSDavid M. Lynn, Morrison & Foerster LLP, Washington, DC

Kellye Walker, Executive Vice President, Chief Legal Officer, Huntington Ingalls Industries, Newport News, VA

PANELISTS Rani Doyle, Executive Director, EY Center for Board Matters, Washington, DC

Lawrence Hamermesh, Professor Emeritus, Widener University Delaware Law School, Wilmington, DE

Michael C. Marsh, Akerman LLP, Miami

11:45 a.m.–12:30 p.m. | Luncheon

12:45–1:30 p.m. | A Conversation with Leo E. StrineLeo E. Strine Jr., Former Chief Justice, Delaware Supreme Court, Wilmington, DE

MODERATOR Eileen T. Nugent, Skadden, Arps, Slate, Meagher & Flom LLP, New York City

1:45–3 p.m. | Recurring Disclosure Challenges• Managing officer and director departures and

alleged misconduct

• Dealing with developments in investigations and litigation

• Correcting errors in disclosures

• Challenges after the earnings release and before the filing of the periodic report

SESSION CHAIRThomas J. Kim, Institute Vice Chair, Sidley Austin LLP, Washington, DC

PANELISTSSteven E. Bochner, Wilson Sonsini Goodrich & Rosati, Palo Alto

Alexander F. Cohen, Latham & Watkins LLP, Washington, DC

Elizabeth A. Ising, Gibson, Dunn & Crutcher LLP, Washington, DCJay H. Knight, Bass, Berry & Sims PLC, Nashville

7:45 a.m. | Registration and Continental Breakfast

8:45–9 a.m. | Welcome and OverviewJuliann Cecchi, Assistant Dean, External Partnerships, Northwestern Pritzker School of Law, Chicago

Meredith B. Cross, Institute Chair, Wilmer Cutler Pickering Hale and Dorr LLP, Washington, DC

9–10:15 a.m. | Crisis Management in 2020 • Managing the board process during a crisis

• Roles of internal and external counsel

• Navigating the inevitable investor relations and media communications challenges

• Best practices for addressing challenges faced by boards and their advisers

• Structuring and carrying out internal investigations: one size does not fit all

SESSION CHAIRDavid A. Katz, Wachtell, Lipton, Rosen & Katz, New York City

Monday, January 27, 2020

Highlights• Keynote address by SEC Chairman

Jay Clayton

• A Conversation with Leo E. Strine

• Five SEC senior staff members

• Luncheon with TED-style talk on the future of AI and the law

• Popular panels on Disclosure Challenges, Capital Markets, M&A, Accounting, and more

And• Earn up to 18.5 CLE credit hours

• Engage with over 450 in-house counsel, firm attorneys, regulators, and other thought leaders

• See why 93% of attendees recommend the Institute to their colleagues

Tuesday, January 29, 2019

3:15–4:15 p.m. | Capital Markets: Private Company Financing • SEC update: concept release on harmonization

of offering exemptions

• Trends in late-stage financing structures

• Equity programs, tender offers, and secondary markets

• ICO transactions and Reg A

SESSION CHAIRAllison Berry Spinner, Wilson Sonsini Goodrich & Rosati, Palo Alto

PANELISTSDawn Belt, Fenwick & West LLP, Mountain View, CA

Jennifer A. Zepralka, Chief, Office of Small Business Policy, Division of Corporation Finance, SEC, Washington, DC

Additional panelist to be announced

4:30–5:30 p.m. | Capital Markets for Reporting Companies • Dual-class structures and recapitalizations for

IPOs

• Market stand-offs, lockups, and hedging

• Director, officer, and employee trading - 10b5-1 plans, Rule 144 issues, blackout periods, and insider lists

• Preparing for follow-on offerings and block trades, and developments in debt offerings

SESSION CHAIRJeffrey D. Karpf, Cleary Gottlieb Steen & Hamilton LLP, New York City

PANELISTS Monifa Clayton, Senior Corporate Counsel, Pinterest, San Francisco

Lona Nallengara, Shearman & Sterling LLP, New York City

Sarah K. Solum, Davis Polk & Wardwell LLP, Menlo Park, CA

5:30–6:30 p.m. | Reception Sponsored by Winston & Strawn LLP

7:30 a.m. | Continental Breakfast

8:15–9:15 a.m. | Updates from SEC Senior Staff: Division of Corporation FinanceWilliam H. Hinman, Director

Shelley E. Parratt, Deputy Director

9:30–10:15 a.m. | Alan B. Levenson Keynote AddressJay Clayton, Chairman, U.S. Securities and Exchange Commission, Washington, DC

10:30–11:45 a.m. | Accounting is Having a Busy Year • Corp Fin: new acquisition disclosures, non-GAAP

challenges, 3-13 waivers, realignment

• FASB: revenue, leases, CECL, goodwill impairment, segments, reference rate reform

• PCAOB: CAMs, inspection transformation, the new board at work

• Technology: robotics, cloud computing, artificial intelligence, blockchain

SESSION CHAIRJohn W. White, Cravath, Swaine & Moore LLP, New York City

PANELISTSMark Kronforst, Partner, Professional Practice, Ernst & Young LLP, Washington, DC

Kyle L. Moffatt, Chief Accountant, Division of Corporation Finance, SEC, Washington, DC

Sagar Teotia, Chief Accountant, SEC, Washington, DC

Amie Thuener, Vice President, Principal Accounting Officer, Google/Alphabet Inc., Mountain View, CA

11:45 a.m.–12:15 p.m. | Luncheon

12:15–1 p.m. | The Future of AI and the Law: Is Your Next Associate Going to be a Robot? Kristian J. Hammond, Bill and Cathy Osborn Professor of Computer Science, Northwestern University, Evanston, IL

1:15–2:30 p.m. | State of the M&A Marketplace in 2019 and What’s Ahead in 2020 • The Trulia decision four years later: deal litigation

in the Delaware courts

• Deal certainty in acquisitions of private companies

• Why hasn’t rep and warranty insurance caught on with strategic buyers?

• Delaware appraisal update

• The Rent-A-Center saga

Tuesday, January 28, 2020

SESSION CHAIRRichard E. Climan, Hogan Lovells US LLP, Silicon Valley

PANELISTSAndre G. Bouchard, Chancellor, Delaware Court of Chancery, Wilmington, DE

Eva Davis, Winston & Strawn LLP, Los Angeles

Jennifer F. Fitchen, Sidley Austin LLP, Palo Alto

2:45–3:45 p.m. | Proxy Developments• Proxy statement developments: new

disclosures and trends

• Shareholder proposals: trends, guidance, and impact of the SEC’s new process

• Shareholder engagement: responding to shareholder campaigns and dealing with activist investors

• The role and regulation of proxy advisers: SEC guidance and practical takeaways

SESSION CHAIRLillian C. Brown, Wilmer Cutler Pickering Hale and Dorr LLP, Washington, DC

PANELISTSMichele M. Anderson, Associate Director for Disclosure Operations, Division of Corporation Finance, SEC, Washington, DC

Krystal Gaboury Berrini, PJT Camberview, San Francisco

Brian V. Breheny, Skadden, Arps, Slate, Meagher & Flom LLP, Washington, DC

Colleen M. McIntosh, Senior Vice President, Corporate Secretary and Assistant General Counsel, CVS Health, Woonsocket, RI

3:45–4:15 p.m. | Houlihan Lokey Ice Cream Social 4:15–5:15 p.m. | ESG Hot Topics • Preparing and managing ESG disclosures: an

inside counsel perspective

• ESG ratings: why we should care about them and what we can do

• Trends in E&S shareholder proposals: private ordering in E&S disclosures

• Thinking about ESG holistically: integration into long-term strategy and board oversight

SESSION CHAIRKeith F. Higgins, Ropes & Gray LLP, Boston

PANELISTSMarija Kramer, Managing Director, ISS ESG, Rockville, MD

Jonas Kron, Senior Vice President & Director, Shareholder Advocacy, Trillium Asset Management, LLC, Portland

Linda Park, Vice President, Associate General Counsel, and Corporate Secretary, Edwards Lifesciences, Irvine, CA

Kristen Sullivan, Partner and Americas Region Sustainability Services Leader, Deloitte & Touche LLP, Stamford, CT

7:45 a.m. | Continental Breakfast

8:15–9:15 a.m. | Updates from SEC Senior Staff: Division of Enforcement and Office of the General CounselStephanie Avakian, Co-Director, Division of Enforcement

Michael A. Conley, Solicitor, Office of the General Counsel

MODERATORLinda Chatman Thomsen, Davis Polk & Wardwell LLP, Washington, DC

9:30–11 a.m. | Ethics: Lessons Learned from a Silicon Valley Startup • Lawyer serving as director of client corporation

• Confidentiality and whistleblowing

• Talking to the press

SESSION CHAIRMary K. Foster, Former Senior Lecturer, Northwestern Pritzker School of Law, Chicago

PANELISTSKeir D. Gumbs, Associate General Counsel, Corporate Transactions and Deputy Corporate Secretary, Uber Technologies Inc., San Francisco

Arian M. June, Debevoise & Plimpton LLP, Washington, DC

Scott Morgan, General Counsel and Secretary, Splunk Inc., San Francisco

11:15 a.m.–12:45 p.m. | SEC Enforcement and Related Civil Litigation • Increased enforcement focus on accounting,

financial reporting, and disclosures

• Enforcement of Regulation FD and insider trading

• Special challenges in transnational investigations

• Latest developments in federal court litigation

SESSION CO-CHAIRS George S. Canellos, Milbank LLP, New York City

Dixie L. Johnson, King & Spalding LLP, Washington, DC

PANELISTSAmelia Cottrell, Willkie Farr & Gallagher LLP, New York City

Stephen M. Cutler, Simpson Thacher & Bartlett LLP, New York City

Michael D. Mann, Richards Kibbe & Orbe LLP, Washington, DC

Joan E. McKown, Jones Day, Washington, DC

Wednesday, January 29, 2020

Lead Affiliates

Early bird rate of $1,650 through December 6, 2019. Tuition rate of $1,800 applicable after early bird deadline.

The Institute will be held at the Hotel del Coronado. Special guest room rate of $295 is availabile through January 6, 2020. When making reservations, mention Securities Regulation Institute to receive special guest room rate.

Questions: professional-ed@law.northwestern.edu

For information on becoming a sponsor or affiliate, contact: Peter.Skrabacz@law.northwestern.edu.

12:45–1 p.m. | Boxed Lunch Break

1–2 p.m. | Everything You Always Wanted to Know About Securities Law but Were Never Given the Chance to Ask... SESSION CHAIRMartin P. Dunn, Morrison & Foerster LLP, Washington, DC

PANELISTSKaren J. Garnett, Proskauer Rose LLP, Washington, DC

Dennis O. Garris, Alston & Bird, Washington, DC

Scott Siamas, Vice President & Assistant General Counsel of Corporate, Securities & Global Governance, Salesforce, San Francisco

2 p.m. | Program Concludes

Thank You

Tuition and Hotel Information

Latham & Watkins LLP • O’Melveny & Myers LLP

Supporting Affiliates

Cooley LLP • Greenberg Traurig, LLP • Mayer Brown LLP • Polsinelli PC • Ropes & Gray LLP • Stradling Yocca Carlson & Rauth •

Wachtell, Lipton, Rosen & Katz • Winston & Strawn LLP

Program Affiliates

Sponsors

What 2019 attendees had to say...

“Depth of expertise from the panelists is among the

best in the industry.”

“The speakers focused on real day-to-day issues rather

than theoretical concepts. Great conference!”

“As always, talented and brilliant group of

presenters.”

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