Posts Tagged ‘SEC’
ESG Reporting and SEC Enforcement
In recent years, the Securities and Exchange Commission (SEC) has been increasingly focusing on corporate Environmental, Social, and Governance (ESG) policies and statements. Fraudulent practices related to ESG efforts and outcomes have come under scrutiny, as investors are now considering ESG factors when making investment decisions. The SEC has initiated enforcement actions against companies for…
Read MoreSEC Enforcement and ESG – What You Need to Know
When most people think of Securities and Exchange Commission (SEC) enforcement actions, their minds probably jump to sensational crimes seen on the news, like insider trading and Ponzi schemes. Indeed, these do make up a fair number of SEC enforcement actions. But the SEC conducts hundreds of different enforcement actions every year, collecting billions of…
Read MoreWorkforce Investment Disclosure Act to Require Annual DEI Reporting
Prompted by the workplace inequities exacerbated by COVID-19, congress unveiled the Workforce Investment Disclosure Act of 2021, with the intention of renewing organizations’ focus on employee equity. From layoffs to workplace safety and paid leave, COVID-19 exposed distinct workforce management practices that impact employees. With race and gender-based workplace discrimination at the forefront, negative health…
Read MorePublic Companies Respond to SEC Human Capital Disclosure Requirement
A recent survey conducted by Gibson Dunn shows how 451 public companies responded to the U.S. Securities and Exchange Commission’s (SEC) adopted amendments on human capital reporting and disclosures. Effective November 9, 2020, the amendments added human capital resources as a disclosure 101(c). The SEC requires disclosures to include “the number of persons employed by…
Read MoreNasdaq Obtains SEC Approval for New Board Diversity Rule
Last month, Nasdaq obtained approval from the U.S. Securities and Exchange Commission (SEC) to require a new board diversity rule for public companies listed on its stock exchange. According to a fact sheet issued by Nasdaq, the rule is intended to “encourage a minimum board diversity objective for companies and provide stakeholders with consistent, comparable…
Read More2021 Could Be the Year The Equality Act Becomes Law
Earlier this year, the House of Representatives voted to pass the Equality Act. The bill will now make its way to the Senate and if approved, would amend Title VII of the Civil Rights Act of 1964 to include protections for members of the LGBTQ community. First introduced in 2019, the Equality Act includes major…
Read MoreSEC Increases its Focus on ESG-related Disclosures
As more and more investors are turning to companies who demonstrate commitment to environmental, societal, and governance (ESG) issues, the more that government agencies are focusing on companies’ ESG disclosures. Case in point: the Securities and Exchange Commission is taking a closer look at whether or not registered investment advisors’ (RIAs) strategies actually match what…
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