Credit: tadamichi/Adobe Stock Will New SEC Disclosure Rules on 'Human Capital' Further Befuddle Companies?
"I'm somewhat concerned [the SEC] would require additional disclosures, but not really think through exactly how you measure that and how different industries measure it," said Amanda Sonneborn, a partner at King and Spalding.
March 15, 2022 at 01:55 PM
6 minute read
Since August 2020, when the U.S. Securities and Exchange Commission started requiring public companies to reveal more information about their "human capital resources," many companies trying to comply with the rule have struggled with one key question: What exactly does "human capital" mean?
It's an uncertainty that has led to inconsistent securities disclosures over the past year and a half, as companies reached varying conclusions about how to balance compliance with ensuring they don't unnecessarily reveal information that blunts their competitive edge. Companies ended up going in many different directions, from DEI initiatives and employee benefits to employee safety.
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