- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2024-03-20T16:03:00
Legal experts are advising their public company clients to move forward with plans to comply with the Securities and Exchange Commission’s (SEC) climate-related disclosure rule, despite lawsuits and other challenges being brought against the controversial policy in the aftermath of its approval.
“We think it’s a better approach to prepare for the rule to take effect,” said Megan Gates, partner at law firm Covington. “It’s not a great approach to wait and see, if that means not doing anything.”
Almost immediately after the SEC passed the rule by a 3-2 vote on March 6, the blowback began. A total of 22 state attorneys general filed lawsuits in three federal courts, according to a report from Bloomberg Law, while business interest groups led by the U.S. Chamber of Commerce also filed a lawsuit.
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2024-04-15T13:47:00Z By Ruth Prickett
By holding the Swiss government accountable for failing to do more to limit climate change, a ruling by the European Court of Human Rights might have significant implications for legislators and organizations in other countries across the European Union.
2024-04-09T18:24:00Z By Aaron Nicodemus
Environmental, social, and governance goals have gained acceptance from senior leadership because of upward pressure from employees, investors, and customers, according to compliance leaders speaking at Compliance Week’s 2024 National Conference.
2024-04-09T11:39:00Z By Adrianne Appel
Presenting data to the board and providing examples of positive consumer response to ethical decision-making help compliance departments demonstrate value beyond keeping an organization in line with rules and regulations, experts discussed at Compliance Week’s 2024 National Conference.
2025-03-28T18:45:00Z By Aaron Nicodemus
The Securities and Exchange Commission’s Republican leadership is abandoning the climate-related disclosure rule package passed last year by Democrats, hoping that the courts will kill regulations already on life support.
2025-03-24T15:47:00Z By Aaron Nicodemus
The U.S. Treasury Department’s Financial Crimes Enforcement Network issued a final interim rule that eliminates beneficial ownership information reporting obligations for U.S.-based companies and persons.
2025-03-19T13:00:00Z By Aaron Nicodemus
Federal Reserve Board member Michelle Bowman has been nominated as the board’s vice chair for supervision, a position that oversees regulation of the nation’s largest banks.
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