Climate Change Among Risks Boards Have on Disclosure Radar

Posted to Governance Center Blog by Gary Larkin

With the 2010 proxy season upon us, there are already signs that risk disclosure will remain high on the priority list for boards in light of new enhanced SEC proxy disclosure rules and shareholder pressure. In light of the recent financial crisis, the enhanced disclosure rules, which went into effect Feb. 28, [See past blog post, SEC Wants More Concise Disclosure That is Material, Dec. 18] have a heavy emphasis on risk management and oversight. Also, an Oct. 27, SEC Staff Legal Bulletin (No. 14E-CF) stresses how the regulator will not so easily allow no-action requests from companies receiving..

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