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Testimony before the Financial Services and General Government Subcommittee of the U S Senate Committee on Appropriations

Testimony before the Financial Services and General Government Subcommittee of the U S Senate Committee on Appropriations
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A decade later, Dodd-Frank remains unfinished Will Gary Gensler s SEC close it out? | Article

When the Dodd-Frank Act passed in 2010, an urgency existed to enact its many provisions. A decade later, 11 of its rules remain unfinished. Will a change in leadership at the SEC get the law across the finish line?

Let a Thousand Flowers Bloom: Advisory Voices Proliferate at SEC | Carlton Fields

To embed, copy and paste the code into your website or blog: The hot topic of environmental, social, and governance (ESG) disclosure has called attention to a growing number of voices advising the SEC commissioners. The SEC’s Asset Management Advisory Committee, Investor Advisory Committee, and Investor Advocate have made ESG recommendations. Then-acting Chair Allison Herren Lee recently appointed a senior adviser for ESG and, together with Commissioner Caroline Crenshaw, called for an ESG Advisory Committee and a staff task force on ESG. This totals four existing and two proposed streams of ESG advice to the commissioners from sources within or created by the SEC.

Latest Twists in Long and Winding Road to Board Diversity Disclosure | Bryan Cave Leighton Paisner

To embed, copy and paste the code into your website or blog: The House Committee on Financial Services met virtually on April 20, 2021 to consider legislation that, among other things, would require public companies to annually disclose the voluntarily, self-identified gender, race, ethnicity and veteran status of their board directors. The Committee cited a 2017 board diversity survey finding that increased board diversity improves companies’ ability to innovate and enhances overall business performance. In the meantime, the wait continues for an SEC decision on Nasdaq’s proposed “comply or explain why not” mandate that would require public disclosure of board diversity statistics for most Nasdaq-listed companies, initially proposed in December 2020.   The SEC most recently acted on these rules on March 10, 2021, when it issued an “Order Instituting Proceedings to Determine Whether to Approve or Disapprove Proposed Rule Changes

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