In America, we clean our teeth every six months and report our public company financials every three. Now, to root out short-term thinking in the C-Suite, President Trump has tweeted that what’s right for dentists is good for American business.
The only 10-K disclosure related to human capital is number of employees. There is a proposal from the agency from the Human Capital Coalition looking for more required reporting on issues like pay disparity and culture.
SEC Commissioner Robert Jackson Jr. said this week at a conference cyber security is the number one issue boards must get a handle on right now. He specifically called for a change to 8K disclosures.
In a recent survey, 95 percent of finance firms based in the UK and U.S. say financial regulations will increase costs, and almost a quarter said they will spend more than 5 percent of their annual revenue on compliance by 2023.