disclosures

Just in time for the end of second quarter, the Securities and Exchange Commission has published another dollop of guidance about financial disclosures companies should keep in mind as they navigate Covid-19.  The statement came Tuesday from chief accountant Sagar Teotia. It’s the latest in a series of pronouncements SEC officials have made since early…

Read More
sec

The Securities and Exchange Commission has proposed new rules meant to simplify corporate financial disclosure, and also fired off a piece of guidance about how companies should approach non-financial metrics they might want to include in securities filings.  The proposed rules weren’t exactly a surprise; the SEC has long talked about wanting to streamline the…

Read More
climate

Am I imagining things, or have people suddenly turned up the heat on corporate disclosure of climate change issues?  Just today, for example, business and political leaders at Davos (always a leading source of hot air) announced a new framework for corporations to report sustainability metrics according to the U.N. Sustainable Development Goals. Climate change…

Read More

The Securities and Exchange Commission has fined a Florida pharmaceutical firm $200,000 for violating Regulation Fair Disclosure — an offense we don’t see too often in compliance land, and therefore offers a good glimpse into the control failures that might lead to this sort of trouble. The company, TherapeuticsMD, develops hormone therapies to help with…

Read More
disclosures

Several weeks ago we had an update here about the SEC’s idea to relax quarterly reporting rules, perhaps in favor of letting companies disclose more via their earnings release. Today let’s explore two practical challenges with that notion: companies can omit unwelcome numbers in their earnings releases, and change what those numbers are by the…

Read More
reporting

Corporate disclosure mavens, we have an issue that needs attention: Nobody is talking about the SEC’s recent call for comments about moving to a semiannual corporate reporting regime. As you might recall, the SEC published its call for comment in December — 31 pages of questions, asking investors, corporations, and all other interested parties whether…

Read More
reporting

The Securities and Exchange Commission is asking for opinions about the quarterly reporting system again, the latest volley in what could be a contentious debate in 2019 about corporate disclosure. The request for comment, published Tuesday, runs 31 pages long. It asks whether some disclosures in the Form 10-Q quarterly report could be abolished if…

Read More

Now that the British government is coming apart at the seams over Brexit, this might be a good time to revisit what companies should be disclosing to investors and the public about their exposure to Brexit risk. SEC chairman Jay Clayton has been talking up Brexit disclosure for several months, urging companies to give investors…

Read More
breach

You gotta give Google credit. Only that outfit, with perhaps the most intellectually talented employees in Corporate America today, could come up with a data breach so maddening and thought-provoking for corporate compliance officers. The breach was discovered last March. A glitch in the Google+ social media network had exposed the personal data for nearly…

Read More
Musk

Corporate executives can learn a lot from the daring and vision of Elon Musk — just probably not in the way that Musk might prefer. His tenure at Tesla lately has become a living case study in how not to govern a large organization. That’s been the fundamental problem with Musk for quite some time:…

Read More