Despite the amendments adopted by the SEC in November 2020 calling on employers to disclose human capital measures or objectives that a company deems material to its business, the disclosures that are currently being provided by companies are inadequate and are not standardized, said a number of witnesses testifying at a December 8 hearing on “E, S, G and W: Examining Private Sector Disclosure of Workforce Management, Investment, and Diversity Data.”

The minority staff of the Senate Banking Committee just released a report entitled “The New Emperors: Responding to the Growing Influence of The Big Three Asset Managers.”

During a December 14 open meeting the SEC plans to consider whether to adopt new disclosure regarding Rule 10b5-1 trading arrangements and insider trading policies and procedures, as well as amendments regarding the disclosure of the timing of certain equity compensation awards and reporting of gifts.

Corporations need to provide investors with more information about the taxes they pay on a country-by-country basis, said several speakers and panelists during a December 8 meeting of the SEC’s Investor Advisory Committee (IAC) moderated by James Andrus, interim managing investment director of sustainable investing at CalPERS.

A federal district judge in Texas ruled against the National Association of Manufacturers (NAM) and in favor of the SEC, finding that the commission’s rescission of the 2022 proxy advice rule was not arbitrary and capricious.