Robert J. Jackson Jr., SEC commissioner, spoke to Corporate Board Member about whether or not the SEC plans on issuing future guidance around cybersecurity disclosure.
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.