Compliance Archive

Apr 27, 2022
SEC’s beneficial ownership proposal divides commenters
The SEC’s planned modernization of beneficial ownership reporting requirements has sparked a variety of feedback, based at least in part on commenters’ stance regarding the value of activism versus the need for companies to have information so they can engage with investors building major stock positions. The proposal is centered on Securities Exchange Act Sections 13(d) and 13(g). A key element involves proposed changes to Regulation 13D-G that would accelerate...
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Apr 11, 2022
How companies are reporting on human capital management
Aside from climate change, the ESG topic that has garnered the most investor attention over the last two years is human capital management (HCM). During that time, the Covid-19 pandemic and global racial justice protests have pushed social issues firmly into the spotlight. Institutional investors, as well as other stakeholders, have demanded greater assurance that companies are caring for and managing their workforces effectively and respectfully. In response, busin...
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Mar 30, 2022
IFRS Foundation and GRI to co-ordinate on sustainability disclosure
The IFRS Foundation and GRI are taking the latest step toward a more closely aligned set of global ESG reporting frameworks. The organizations last week announced an agreement under which their respective standard-setting boards – the International Sustainability Standards Board (ISSB) and the Global Sustainability Standards Board (GSSB) – will co-ordinate their work programs and standard-setting activities. The news came just days after the ...
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Mar 25, 2022
The week in GRC: Executives predict costs under SEC climate plan and Biden urges companies to strengthen cyber-defenses
– Reuters reported that Kohl’s Corp said its board was reviewing multiple preliminary offers from buyers. The company has previously rejected buyout offers from Sycamore and Starboard Value-backed Acacia Research. Kohl’s, which is facing pressure from activist investors to sell itself, said the proposals received are non-binding and without committed financing...
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Mar 04, 2022
SEC proposes new disclosure rules for short-sellers
Investors in the US must disclose long positions in stocks, but the same transparency has not been required for short sales. That imbalance could be evened up, at least partially, after the SEC proposed a new rule that would require disclosure of short positions on a monthly basis – although some market participants would like the changes to go further. ...
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