On June 7, 2021, in prepared remarks for the CFO Network Summit, Securities and Exchange Commission (SEC) Chair Gary Gensler identified several areas of focus for SEC staff with respect.
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On Friday, the SEC announced that it had removed
William D. Duhnke III from the PCAOB and designated Duane M.
DesParte to serve as Acting Chair, effective Friday. Duhnke has
been serving as Chair since January 2018. The SEC also announced
that it intends to seek candidates to fill all five board positions
on the PCAOB. In the press release, SEC Chair Gary Gensler said
that the PCAOB has an opportunity to live up to
Congress s vision in the Sarbanes-Oxley Act..I look forward to
ExxonMobil shareholders have elected two board members backed by activist investors. We discuss the new chapter in the battle to make energy companies face the threat of climate change.