Richard Blake: Key Takeaways from the 2025 Silicon Valley 150 Governance Report

from Boardroom Governance with Evan Epstein · host Richard Blake, Evan Epstein

(0:00) Intro.(1:27) About the podcast sponsor: The American College of Governance Counsel.(2:14) Start of interview. *Reference to prior episodes/reports with Richard (E126 from Feb 2024 and E158 from Dec 2024)(3:11) AI dominance in public and private markets(4:14) About WSGR's 2025 SV150 Corporate Governance Report. Major Findings in DEI Disclosure (impact on board diversity)(12:25) Broader ESG Changes and Challenges to SEC Climate Disclosure Rule(16:03) California approach to climate risk disclosures (SB 253 and SB 261) and greenhouse gas emissions disclosure(19:04) State vs. Federal Regulatory Landscape(21:13) On SEC's change of policy relating to mandatory arbitration bylaws(23:41) SEC Changes Under Chair Atkins: changes in exec comp disclosures and removing quarterly reporting (27:18) SEC Changes to Rule 14a-8 proposals(29:23) On Lack of Minority Party SEC Commissioners(32:30) Delaware vs. Other States on Corporate Incorporations(39:26) Other findings from the 2025 report. Including on dual-class shares and sunset provisions.(41:12) The State of Private Markets, IPOs and VC(49:55) Biggest winner in business in 2025(50:55) Biggest loser in business in 2025(53:00) Biggest business surprise in 2025(54:32) Best and worst corporate governance trend from 2025(58:18) What’s the biggest corporate governance trend to watch out for in 2026Richard Blake is a partner at Wilson Sonsini and the leader of the firm's public companies’ practice. You can follow Evan on social media at:X: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__To support this podcast you can join as a subscriber of the Boardroom Governance Newsletter at https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

What this episode covers

Richard Blake is a partner at Wilson Sonsini and the leader of the firm’s public companies practice. He is one of the lead authors of the 2025 Silicon Valley 150 Corporate Governance Report, an annual study tracking governance trends among leading technology and life sciences companies. We discuss the key findings from the 2025 report, including notable shifts in DEI disclosure, evolving approaches to ESG, and how companies are responding to an increasingly complex state and federal regulatory landscape.

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Richard Blake: Key Takeaways from the 2025 Silicon Valley 150 Governance Report

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This episode was published on December 15, 2025.

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