Dealing with regulatory change and uncertainty continuously ranks among the top risks identified by board members and C-suite executives across the globe. Some believe that recent U.S. Supreme Court decisions will increase this risk for companies doing business in the United States, while others applaud the Court’s actions. What is happening, and what does this mean for boards and their companies?

This issue of Board Perspectives discusses the Chevron deference doctrine, its origin in 1984 and its recent reversal this year and its impact, which marks a fundamental shift in power away from the executive branch to the judicial branch.