The Director of the SEC’s Division of Corporation Finance (the “Division”), Erik Gerding, shared his views on the state of public company disclosures during 2023 and the SEC Staff’s review priorities for 2024. The statements were made in April 2024 at the Practicing Law Institute’s 2024 The SEC Speaks Conference and were recently published in
SEC Director Focuses on CRE Disclosures
As part of a panel discussion at the Practising Law Institute’s 2024 SEC Speaks Conference held on April 2, 2024, the Director of the SEC’s Division of Corporation Finance, Erik Gerding, highlighted several risks and disclosures relating to commercial real estate (CRE) that the Staff has recently focused on and expects to continue to focus
Human Capital, Diversity and Related Disclosure and Reporting Initiatives
Webinar | July 22, 2024
1:00 p.m. – 2:00 p.m. EDT
Register here.
Disclosures by public companies about their human capital management continue to be a focus of investors, regulators, and other stakeholders. In 2020, the SEC adopted a requirement for registrants to discuss their human capital resources to the extent material to an
SEC Investor Advocate Report on Objectives
The Securities and Exchange Commission’s Office of the Investor Advocate recently issued its fiscal year 2025 Report on Objectives. The Report is one of two annual reports required to be filed by the Investor Advocate with the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the
SEC Announces New Cybersecurity Interpretations
The SEC’s Division of Corporation Finance today published five new Compliance and Disclosure Interpretations, or “C&DIs,” all concerning Item 1.05 of Exchange Act Form 8-K, Disclosure of Cybersecurity Incidents.
New C&DI 104B.05 describes a ransomware attack on a public company ended by a payment to the threat actor before any materiality evaluation of the incident.
Avoiding Cybersecurity Incident Overdisclosure: Helpful Guidance
In a statement today, the Director of the SEC’s Division of Corporation Finance commented on the relatively new Form 8-K Item 1.05 requirement. Last summer when the SEC adopted the final rules relating to cybersecurity incidents, the rules included a new requirement under Item 1.05 of Form 8-K relating to the occurrence of an incident
Joint Statement on Application of IFRS 19 in SEC Filings
On May 17, 2024, the Director of the Division of Corporation Finance of the Securities and Exchange Commission, Erik Gerding, and the Chief Accountant, Paul Munter, issued a statement regarding International Financial Reporting Standard (IFRS) 19, Subsidiaries without Public Accountability: Disclosures, or IFRS 19.
What is IFRS 19? IFRS 19 allows certain subsidiaries of reporting
MB Microtalk: The SEC’s Climate-Change Disclosure Rules: Governance and Management Related Disclosures and Considerations
In this MB Microtalk video, Mayer Brown’s Larry Cunningham goes over governance and management related disclosure requirements in the SEC’s recently finalized climate disclosure rules.
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MB Microtalk: The SEC’s Climate-Change Disclosure Rules: An Overview
In this MB Microtalk video, Mayer Brown’s Anna Pinedo provides an overview of the SEC’s climate disclosure rules.
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SEC Stays Climate-Related Disclosure Rules
The SEC paused implementation of the climate-related disclosure rules in the face of significant legal challenges. The rules would impose substantial disclosure mandates on companies, including concerning the costs of extreme weather events, corporate strategies for addressing climate change, corporate governance procedures and, for certain companies, greenhouse gas emissions.
The SEC had proposed the rules