Posts Tagged ‘SEC policy’

SEC Lists Rules for Review


The Securities and Exchange Commission quietly proposed Wednesday afternoon to review whether dozens of corporate governance and proxy rules should apply to small filers: everything from executive compensation disclosure, to posting proxy materials online, to shareholders’ ability to nominate board directors, and more. The timing of the notice — posted just a few hours before…

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Thoughts on Semiannual Reporting


Many moons ago — OK, actually 10 days ago, but that qualifies as many moons ago these days — President Trump floated the idea of letting U.S. companies adopt to semiannual corporate reporting rather quarterly. For a day we were all verklempt, torn between the lure of less short-term focus on Wall Street and our…

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SEC Nominee Gets Hearing


The Trump Administration’s nominee for an open seat on the Securities and Exchange Commission appeared before the Senate Banking Committee on Tuesday, and while his nomination is probably in good shape, he endured sharp questions from Democratic committee members on SEC enforcement and conflict-of-interest rules. The nominee, Elad Roisman, is currently chief counsel for the…

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On SEC Whistleblower Reforms


Corporate compliance officers deal with whistleblowers all the time. So now that the Securities and Exchange Commission is moving to revamp its whistleblower award program, watch that debate closely. Lots of constituencies are going to voice opinions here, and you don’t want yours to get lost in the fray. The SEC published its proposed reforms…

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About That Inline XBRL Rule…


Last week the SEC adopted a rule for companies to use Inline XBRL technology with their corporate reports starting as early as next year. The good news for financial reporting executives: this rule will streamlines the technical work necessary in filing financial statements to the SEC. The more intriguing news for everyone else: The SEC’s…

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SEC Starts Regulatory Reform Push


The Securities and Exchange Commission began moving forward this week on its ambitions to craft a more business-friendly regulatory regime, starting with plans to exempt many more companies from compliance requirements and to cap potential rewards to whistleblowers. Most notable for ethics and compliance officers, the commissioners voted (along the predictable 3-2 partisan split, favoring…

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SEC Looking for Chief Risk Officer

compliance jobs

Audit and risk professionals with a yearning for public service at a good salary, you have a new option: the Securities and Exchange Commission is looking for its first-ever chief risk officer. The agency posted the job this week. Salary is $185,000 to $245,000, which is on par with what CROs earn in the private…

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Clayton, Congress Talk Cybersecurity

Jay Clayton

SEC chairman Jay Clayton appeared before the Senate Banking Committee on Tuesday, a wonderfully poetic bit of timing to talk about cybersecurity. He and his Senate overlords jousted over the Equifax breach earlier this month, the SEC’s own breach disclosed just last week, and the duties companies may or may not have to investors and…

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The Private Market Stresses Driving SOX Compliance Debate

If you want to understand the forces pushing to roll back compliance with the Sarbanes-Oxley Act—and if you work in corporate compliance, you should—then spend time today reading a superb Wall Street Journal article about the conflicted state of investment in the private markets. We can’t ignore the uncertainty there, because it’s a big driver…

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Framing the Arguments Over SOX Compliance


Well, it’s started. Congress and the Securities and Exchange Commission have begun plotting ways to roll back corporate compliance and governance practices. The Sarbanes-Oxley Act is a top priority. New SEC chairman Jay Clayton fired the starting gun on July 12, when he gave his first public address as chairman. He laid out eight concerns…

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