Among the many effects of the change in Presidential administration in January 2021 will be changes at the Securities and Exchange Commission. The past four years have not seen many significant changes in securities regulation, but we expect that will change under a Biden administration. This Bloomberg Law article describes some of those potential changes. Among them may be an increased focus on disclosure requirements relating to ESG, a topic we will focus on during a webinar tomorrow, November 10. Join us by signing up at this link.
Calls for increased information and disclosure on environmental, social, and governance disclosure prompted recommendations by the SEC’s Investor Advisory Committee in May 2020. The SEC has not addressed climate change since 2010 and has required only limited line-item disclosure of other ESG concerns. Rather, each reporting company is permitted to make its own determination of materiality of ESG-related issues. Expect a heightened focus on ESG and a top place on the Commission’s rulemaking to-do list at the outset of a Biden administration.
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