The Texas Corporate Governance Team
On May 14, 2025, Governor Greg Abbott signed Senate Bill No. 29 into law. This new law codifies the business judgment rule in Texas and makes Texas a preferred jurisdiction for legal domestication. Foley’s Texas Corporate Governance Team stands ready to help companies navigate the legal, regulatory, and operational complexities of making Texas their corporate home.
Our team, chaired by Chris Converse and Christopher Babcock, brings an unmatched combination of deep Texas roots, national reach, and legislative influence. Boasting a 116-year legacy in the Lone Star State, Foley has been a trusted advisor to businesses operating in Texas and those looking to operate in Texas for over a century. Pairing our experience in lobbying, corporate governance, and relocating high-profile companies to Texas with the full strength of the firm’s national platform and global capabilities, Foley is uniquely positioned to assist businesses considering strategic moves to Texas.
A Driving Force Behind Texas’ Corporate-Friendly Legislation
Foley is not just an observer of Texas’ emergence as a corporate hub — we are central to shaping the legislative and regulatory framework making Texas the premier jurisdiction for incorporation and corporate governance. This position gives Foley exclusive insight and knowledge regarding the current and future legislative environment in Texas.
Our firm has been deeply involved in the legislative efforts to bolster Texas’ position for business incorporation, including key reforms that modernize corporate governance laws and streamline regulatory processes. Christopher Babcock, co-chair of our Texas Corporate Governance team, was instrumental in the drafting and passage of SB 29. He testified before the Senate State Affairs Committee and the House Judiciary & Civil Jurisprudence Committee in support of SB 29 and HB 15, providing crucial insights and expert opinions that were instrumental in garnering the necessary support for the bills to pass. Our work in Texas is led by a team of highly experienced attorneys, offering strategic, multi-disciplinary support to businesses considering relocating to or incorporating in Texas.
Representative experience includes:
- Texas Corporate Legislation: The lawyer-lobbyists in Foley’s Government Affairs Practice Group represent a broad spectrum of clients before the Texas Legislature and state agencies, providing litigation, legislation, and regulatory services to both private and public businesses.
- Extensive Experience Moving Large Companies to Texas: Foley is the premier law firm for private and publicly-traded companies seeking advice and guidance analyzing the various issues associated with re-domesticating in Texas. We have successfully guided major corporate headquarters relocations to and reincorporations in Texas, giving us unparalleled experience in navigating and simplifying what can otherwise be a very complex process.
- Advising the Nation’s Largest Companies: Foley represents Fortune 500 companies, private equity investors, and high-growth businesses on corporate governance, securities compliance, proxy filings, executive compensation, shareholder approvals, tax structuring, litigation, and litigation avoidance.
- Texas Business Court and Litigation Prowess: Foley litigation attorneys have in-depth experience with business litigation and a deep understanding of the new Texas Business Court, ensuring clients are well-positioned and prepared for any legal issues that may arise.
- Comprehensive Legal Support Across Key Areas: Our Texas-based team brings the whole of the firm — from corporate, securities, M&A, tax, real estate, employment, litigation, and regulatory practices — to provide full-service legal counsel tailored to each client’s needs.
