Compliance Archive

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...

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...

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 ...

– Reuters reported that Democratic SEC member Allison Herren Lee plans to leave the agency after her term ends in June, but will remain in office until a successor is named. ‘My term as commissioner expires in June of this year, and I have notified President Joe Biden that I intend to step down ...