Governance Reform Central
A number of governance reform measures have been proposed or adopted by several constituents, including Congress, the SEC, and the U.S. stock exchanges. This page contains the latest information on these recent reforms.
June 30, 2014 - The Division of Investment Management provided guidance about investment advisers’ responsibilities in voting client proxies and retaining proxy advisory firms. Read more here.
June 23, 2014 - SEC Chair Mary Jo White spoke about the role of directors as critical gatekeepers in ensuring and increasing investor confidence. Read more here.
May 2, 2014 - SEC Issues Partial Stay of Conflict Minerals Rules
April 15, 2014 - Two Years After the JOBS Act
April 11, 2014 - SEC issues additional guidance on conflict minerals. Related information can be found through this Heads Up.
February 14, 2014 - The Securities and Exchange Commission announced that it will host a roundtable in March to discuss cybersecurity and the issues and challenges it raises for market participants and public companies, and how they are addressing those concerns. Read more here.
April 10, 2013 - The Securities and Exchange Commission has announced that Mary Jo White was sworn in as the 31st Chair of the SEC.
April 2, 2013 - The SEC has issued a report that makes clear that companies can use social media outlets to announce key information in compliance with Regulation Fair Disclosure (Regulation FD) so long as investors have been alerted about which social media will be used to disseminate such information.
March 20, 2014 - Highlights of the "SEC Speaks in 2014" Conference
February 21, 2014 - An Open Letter to the SEC Staff
February 21, 2014 - Remarks at the “SEC Speaks” Conference
February 21, 2014 - Chairman’s Address at SEC Speaks 2014
July 11, 2013 - Remarks at Society of Corporate Secretaries & Governance Professionals by SEC Commissioner on reliance on Proxy Advisory Firms.
SEC Comment letter
Deloitte’s SEC Comment Letter series includes extracts of frequently issued SEC staff comments, analysis, and links to resources that are relevant to SEC filers.
December 2013 - This SEC Comment Letter includes extracts of frequently issued SEC staff comments, additional analysis, and links to resources that are relevant to SEC filers.
Significant Reform Activity
- April 05, 2012 – President Obama signs the Jumpstart Our Business Startups Act of 2012 into law. Read its full text.
- FASB Issues Proposal on Board Decision Process for Disclosure Framework Project - The Financial Accounting Standards Board (FASB) today issued a proposed framework intended to improve its process for evaluating existing and future disclosure requirements in notes to financial statements.
- Dodd-Frank Act Two-year Anniversary - Deloitte presents a series of issue-focused takeaways providing insights into the impact of this legislation.
- Annual Report on Dodd-Frank Whistleblower Program - This is a Report of the Staff of the U.S. Securities and Exchange Commission.
Stock Exchanges Involvement
Updates Related to the Nasdaq