As we enter a new proxy season, U.S. public companies are facing an expanding array of complex, uncertain, and evolving risks amidst new disclosure rules and guidance from the Securities and Exchange Commission and increasing demands from shareholders for more meaningful information on issues such as sustainability, cybersecurity risk, and human capital management.
How do boards—and audit committees in particular—ensure that the company is making the appropriate decisions regarding whether, when, and how much information to disclose within the largely principles-based disclosure framework of the SEC? What information should the company disclose about the board’s oversight of these and other long-term risks? When should a company publicly disclose news about the health of its CEO? What is the role of the audit committee in overseeing financial reporting and the use of Non-GAAP Financial Measures? Will the trend of increasing numbers of shareholder proposals on social and environmental issues continue in 2020? And will we continue to see a rise in shareholder activism and demands for stock buybacks?
Join Fenwick partner Susan Muck and fellow corporate governance thought leaders for a breakfast talk covering these topics.