ABOUT
Liz Walsh is counsel in Mayer Brown’s Washington DC office and a member of the Public Companies & Corporate Governance and Capital Markets practices. She advises public companies on their obligations under the federal securities laws and on related corporate governance requirements. Liz also provides advice to public companies regarding compliance with SEC executive compensation disclosure requirements and Section 13 and Section 16 reporting. In addition, she advises on corporate governance matters, including advice regarding director independence, board committee structure and charters, codes of conduct, corporate governance guidelines, controls and procedures, CEO and CFO certifications, and NYSE and Nasdaq requirements.
Liz spent over 11 years at the US Securities and Exchange Commission in the Division of Corporation Finance. She most recently served as Acting Director of the Office of Small Business Policy and previously served as Special Counsel to the Deputy Director of the Division. At the SEC’s Office of Small Business Policy, Liz counseled on the administration of the federal securities laws and regulations that particularly affect small businesses, including the smaller reporting company requirements, as well as the capital-raising exemptions from Securities Act registration. She also assisted with the Division’s substantial revisions to the exempt offering framework, including the adoption of changes to the accredited investor definition and rule amendments intended to harmonize and simplify the offering exemptions in 2020.
Liz was the co-recipient of several awards during her time at the SEC, including the 2020 Byron D. Woodside Award, the 2020 Chairman’s Award for Excellence, and the 2019 Isaac C. Hunt Award for Diversity and Inclusion.

