Search
 

The SEC gives not just guidance, but a roadmap to 2007

U.S. securities regulators have been all over the map in recent years when it comes to setting priorities and getting necessary rules in the hands ...

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

U.S. securities regulators have been all over the map in recent years when it comes to setting priorities and getting necessary rules in the hands of those who need to follow them. Certainly, that has been the principal problem for the Sarbanes-Oxley Act–and particularly Section 404–in its first years. But besides the long-overdue guidance now coming out of both the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB) on 404, regulators this year seem ready to go beyond the outline of the priorities they provide companies annually. In a speech delivered late last week called “The Promise of Transparency — Corporation Finance in 2007,” John W. White, the SEC’s director of the division of corporation finance, listed 11 initiatives in various forms of development on which his division is working. Several involve rulemaking changes– such as foreign deregistrations, Section 404 management guidance, online availability of proxy materials and executive compensation disclosures–that are pending or already completed. But there are several others, such as new rulemaking for shareholder access to corporate proxies, on which the SEC staff is still hard at work developing proposals.

White promised that amendments to the compensation rules may be on the way as the SEC is preparing “targeted reviews of a critical mass of these new disclosures.” He added, that the agency is “also planning to prepare a report in some form to assist in conveying our observations to issuers for the next proxy season.”

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Recommended Stories

Navigating Volatility in the USD Landscape

Tom Meiman & Sam Schwartzman |

In this unique time of disruption, U.S. businesses face a challenging marketplace in which interest rates are not only historically low, but may possibly go negative. Here’s how treasurers can achieve their operating cash goals in this unprecedented environment.

Gary Gensler Sworn in as SEC Chairman

Melanie Waddell |

SEC commissioner Hester Peirce hopes to work with Gensler on building a regulatory framework for cryptocurrency.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.