In a post last week, I wrote about the proposed revised Financial Choice Act (H.R. 10) now pending before Congress and the potential impact that the bill could have on the SEC’s enforcement program. In this post, I address the potential impact that the bill’s provisions could have on public company disclosure requirements and corporate governance. If the bill’s provisions are enacted into law, the measures could significantly alter or eliminate many of the Dodd-Frank Act’s disclosure and corporate governance requirements.
Continue Reading Proposed Disclosure and Corporate Governance Reforms in the Financial Choice Act 2.0
conflict minerals
D.C. Circuit Strikes Down SEC Conflicts Minerals Rules in Part, Upholds Other Provisions
By Kevin LaCroix on
Posted in Conflicts Minerals
In an April 14, 2014 Opinion (here), the D.C. Circuit struck down a portion of the SEC’s conflicts minerals rules as violative of the First Amendment, while at the same time upholding the other challenged portions of the Rules. A majority of the appellate panel found that the rules’ requirement that companies must …
The Complex Conflicts Minerals Disclosure Challenge
By Kevin LaCroix on
Posted in Conflicts Minerals, Corporate Governance
The SEC’s conflicts minerals disclosure rules, promulgated as required under provisions of the Dodd-Frank Act, became effective on January 1, 2013, requiring companies to make their first conflict minerals disclosures on or before May 31, 2014 for the 2013 reporting year, as I detailed in a recent post. But though it is widely recognized…