SEC's Cautious Updates to Corporate Disclosure Requirements
September 4, 2020
On August 26, the SEC revised several disclosure requirements applicable to reporting companies.
The amendments embrace a “principles-based” approach in the hope that it will elicit more focused and useful disclosures. They will also require issuers to focus on human capital disclosures and on the organization of risk factor disclosures, and some will have to do so quickly because the amendments will take effect 30 days after they appear in the Federal Register. Two dissenting commissioners objected to the SEC’s unwillingness to adopt specific disclosure requirements on diversity and on climate risk.
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