The U.S. Securities and Exchange Commission recently filed a law enforcement action for failure to disclose loss contingencies arising out of a pending U.S. Department of Justice investigation.

A recent study indicate that across the public, private, and nonprofit entities directors are most worried about reputational risk, cybersecurity risk, and regulatory compliance risk.

The U.S. Court of Appeals for the District of Columbia Circuit affirmed its April 14, 2014 decision in National Association of Manufacturers v. SEC upholding in part and invalidating in part the SEC’s conflict minerals disclosure rule.

On July 1, the SEC proposed rules that would compel all U.S. securities exchanges to adopt listing standards directing every listed company to adopt a policy requiring recovery, on a no-fault basis, of any incentive compensation paid to an executive officer on the basis of accounting measures that were subsequently…

According to consulting firm Protiviti’s 2015 Sarbanes-Oxley Compliance Survey, the costs of Sarbanes-Oxley Act compliance continue to increase, even though the statute has been on the books for 13 years. Factors that have prevented SOX compliance costs from reaching a steady state include the new COSO internal control framework (see…

SEC officials have expressed concern that companies are not properly identifying and disclosing material weaknesses in internal controls, and that such weaknesses are too frequently disclosed only in conjunction with a restatement – after the damage is, in effect, done. See, e.g., January 2014 Update. However, an academic study in…

Disclosure of environmental, human rights and social risks is moving from its home between the glossy pages of voluntary reports into the hard-nosed realm of mandatory legal requirements, as evidenced by recent developments in the European Union and India.