Sabastian V. Niles
Education
- University of Maryland, B.S./B.S./B.A. 2003
- Harvard Law School, J.D. 2006
Sabastian V. Niles
Sabastian V. Niles is a Partner at Wachtell, Lipton, Rosen & Katz where he focuses on rapid response shareholder and stakeholder activism and preparedness, takeover defense and corporate governance; risk oversight, including as to ESG, cybersecurity and crisis situations; U.S. and cross-border mergers, acquisitions, buyouts, investments, divestitures and strategic partnerships; and other corporate and securities law matters and special situations.
Sabastian advises worldwide and across industries, including technology, financial institutions, media, energy and natural resources, healthcare and pharmaceuticals, construction and manufacturing, real estate/REITs and consumer goods and retail.
He has counseled boards of directors and management teams on self-assessments, engagement with institutional investors and proxy advisory firms and navigating activist situations involving Barry Rosenstein/JANA Partners, Bill Ackman/Pershing Square, Carl Icahn, Daniel Loeb/Third Point, David Einhorn/Greenlight Capital, Glenn Welling/Engaged Capital, Jeff Smith/Starboard Value, Jeffrey Ubben/ValueAct, Jonathan Litt/Land & Buildings, Keith Meister/Corvex, Mick McGuire/Marcato, Nelson Peltz/Trian, Scott Ferguson/Sachem Head, Paul Singer/Elliott Management, Relational Investors and Tom Sandell/Sandell Asset Management, among many others.
In addition to serving as Consulting Editor for the New York Stock Exchange’s Corporate Governance Guide, Sabastian writes frequently on corporate law matters and has been a featured speaker at corporate strategy and investor forums. His speaking engagements have addressed topics such as Shareholder Activism; The New Paradigm of Corporate Governance; Hostile Takeovers; Strategic Transactions and Governance; M&A Trends; Board-Shareholder Engagement; Confidentiality Agreements in M&A Transactions; Negotiating Strategic Alliances with U.S. Companies; Current Issues in Technology M&A; Corporate Governance: Ethics, Transparency and Accountability; and Developments in Cross-Border Deals.
Sabastian received his juris doctorate from Harvard Law School, where he co-founded the Harvard Association of Law and Business (and continues to serve on the Advisory Board) and won the U.S. National ABA Negotiation Championship representing the Harvard Program on Negotiation. He received B.S., B.A. and B.S. degrees in Finance, Economics and Decision & Information Sciences, respectively, from the University of Maryland, where he won two National Championships and four Regional Championships in intercollegiate mock trial.
Select Publications
- Getting Board Ready: Shareholder Activism, Corporate Governance and the Hunt for Long-Term Value,
in Ethical Boardroom, Spring 2018.
- Passive investments, not passive governance,
in Activism Monthly, Volume 5 Issue 3, April 2016.
- The State of Shareholder Activism,
in C-Suite Vol. 2, Issue 2, 2015.
- ISS Proposes Explicit Support of Delaware Choice of Forum in Exclusive Forum Selection Charter and Bylaw Provisions; Addresses Federal Forum Selection,
in Harvard Law School Forum on Corporate Governance, October 20, 2020.
- The New SEC Regulation S-K Rules: Practical Advice for Companies,
in Harvard Law School Forum on Corporate Governance, October 14, 2020.
- DOL Proposes Rules Clarifying When ERISA Fiduciaries Need to Vote Proxies,
in Harvard Law School Forum on Corporate Governance, September 9, 2020.
- SEC Meaningfully Revises Regulation S-K Periodic Disclosure Requirements: Move to Principles-Based Framework Reduces Some Public Company Disclosure Requirements While Adding and Expanding Others,
in Harvard Law School Forum on Corporate Governance, August 30, 2020.
- The Other "S" in ESG: Building a Sustainable and Resilient Supply Chain,
in Harvard Law School Forum on Corporate Governance, August 14, 2020.
- ISS and Glass Lewis: SEC Adopts Proxy Advisory Reform – Initial Perspectives and Implications,
in Harvard Law School Forum on Corporate Governance and Financial Regulation, August 8, 2020.
- Going Dark: SEC Proposes Amendments to Form 13F; Would Significantly Reduce Already Limited Transparency of Activist Ownership,
in Harvard Law School Forum on Corporate Governance, July 19, 2020.
- GAO Report Highlights Dearth of Comparable, Decision-Useful ESG Disclosures; Senator Warner Seeks Task Force on ESG Metrics,
in Harvard Law School Forum on Corporate Governance, July 17, 2020.
- Market Trends 2019/20: Proxy Enhancements,
in Lexis Practice Advisor, July 2020.
- Market Trends 2019/20: Shareholder Proposals,
in Lexis Practice Advisor, July 2020.
- The International Comparative Legal Guide to: Corporate Governance,
co-editor and author of U.S. chapter, Global Legal Group Ltd., London, Thirteenth ed. 2020 (Twelfth ed. 2019; Eleventh ed. 2018).
- DOL Proposes New Rules Regulating ESG Investments,
in Harvard Law School Forum on Corporate Governance, July 7, 2020.
- Using ESG Tools to Help Combat Systemic Racism and Injustice,
in Harvard Law School Forum on Corporate Governance, NYU Law School’s Blog on Corporate Compliance and Enforcement, and Columbia Law School’s Blog on Corporations and the Capital Markets, June 2020.
- The Corporate Governance Review,
U.S. chapter, Law Business Research, London, Tenth ed. 2020 (Ninth ed. 2019, Eighth ed. 2018, Seventh ed. 2017, Sixth ed. 2016, Fifth ed. 2015, Fourth ed. 2014, Third ed. 2013, Second ed. 2012).
- ESG in the Mainstream: S&P Global, Northern Trust and T. Rowe Price Expand ESG Analytics; Sell Side Analysts Address ESG Concerns,
in Harvard Law School Forum on Corporate Governance, May 29, 2020.
- Investor Advisory Committee Urges SEC to Advance Mandatory ESG Disclosures,
in Compliance & Enforcement, a blog of NYU Law’s Program on Corporate Compliance and Enforcement, May 28, 2020.
- Reopening to a New Normal: Considerations for Boards,
in Harvard Law School Forum on Corporate Governance, May 19, 2020.
- Lessons from the Future - The First Contested Virtual Meeting,
in Harvard Law School Forum on Corporate Governance, May 9, 2020.
- Institutional Investors Signal a Mix of Tougher Standards and Heightened Flexibility for the 2020 Proxy Season,
in Harvard Law School Forum on Corporate Governance and Financial Regulation, May 2, 2020.
- What to Say on Your Next Earnings Call in the Time of COVID-19: Providing Insights, Disclosing Scenarios and Managing Risks,
in Harvard Law School Forum on Corporate Governance, April 23, 2020.
- Key ESG Considerations in the Crisis,
in Harvard Law School Forum on Corporate Governance, April 21, 2020.
- U.K. and EU Regulators Move Ahead on ESG Disclosures and Benchmarks,
in Columbia Law School’s Blog on Corporations and the Capital Markets, April 16, 2020.
- ESG Disclosures and Litigation Concerns,
in Harvard Law School Forum on Corporate Governance and Financial Regulation, April 7, 2020.
- REIT M&A and Activism: Preparing for Threats in the COVID-19 Environment,
April 6, 2020.
- Rights Plans (“Poison Pills”) in the COVID-19 Environment—“On the Shelf and Ready to Go"?,
in Harvard Law School Forum on Corporate Governance and Financial Regulation, April 2, 2020.
- Activists Will Show Their True Colors in COVID-19 Pandemic,
in Harvard Law School Forum on Corporate Governance and Financial Regulation, April 1, 2020.
- Disclosure Issues Relating to COVID-19,
in Columbia Law School’s Blog on Corporations and the Capital Markets, March 31, 2020.
- Regulators Around the World Address Short Selling in Response to the COVID-19 Market Crisis,
in Harvard Law School Forum on Corporate Governance and Financial Regulation, March 26, 2020.
- Professor Bebchuk's Errant Attack on Stakeholder Governance,
in Harvard Law School Forum on Corporate Governance and Financial Regulation, March 4, 2020.
- ESG Disclosures - Considerations for Companies,
in Harvard Law School Forum on Corporate Governance and Financial Regulation, March 3, 2020.
- The Coming Impact of ESG on M&A,
in Harvard Law School Forum on Corporate Governance and Financial Regulation, February 20, 2020.
- Accelerating ESG Disclosure - WEF Task Force Releases Preliminary Framework Centered on Mainstream Reporting Aligned with UN Sustainable Development Goals,
in Harvard Law School Forum on Corporate Governance and Financial Regulation, February 10, 2020.
- State Street Global Advisors Sharpens Voting Push on Financially Material ESG Matters,
in Columbia Law School’s Blog on Corporations and the Capital Markets, February 4, 2020.
- Foundational Principles in an Evolving Governance Environment,
in Harvard Law School Forum on Corporate Governance and Financial Regulation, January 29, 2020.
- Dealing with Activist Hedge Funds and Other Activist Investors,
in Harvard Law School Forum on Corporate Governance and Financial Regulation, January 20, 2020.
- Accelerating ESG Disclosure - BlackRock Nudges Companies Toward a Common Standard (SASB + TCFD),
in Harvard Law School Forum on Corporate Governance and Financial Regulation, January 18, 2020.
- Embracing the New Paradigm,
in Harvard Law School Forum on Corporate Governance and Financial Regulation, January 16, 2020.
- REIT M&A in 2020,
January 6, 2020.
- Risk Management and the Board of Directors,
in Harvard Law School Forum on Corporate Governance and Financial Regulation, November 20, 2019.
- ISS and Glass Lewis Announce Final 2020 Voting Policies,,
in Columbia Law School’s Blog on Corporations and the Capital Markets, November 15, 2019.
- Shareholder Activism and Governance in France: Proposed Reforms,
in Harvard Law School Forum on Corporate Governance and Financial Regulation, October 8, 2019.
- Stakeholder Governance - Some Legal Points,
in Harvard Law School Forum on Corporate Governance and Financial Regulation, September 20, 2019.
- SEC Provides New Guidance on Institutional Investors’ Proxy Voting Responsibilities and Use of Proxy Advisory Firms,
in Harvard Law School Forum on Corporate Governance and Financial Regulation, August 22, 2019.
- Corporate Governance, Investor Stewardship and Engagement,
in The International Comparative Guide to: Corporate Governance, Global Legal Group, London, Twelfth ed. 2019 (Eleventh ed. 2018).