Mary Jo White Wants SEC to ‘Rethink’ Corporate Disclosures - The CFO Report - WSJ.pdf

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Unformatted text preview: News, Quotes, Companies, Videos Hkust's Journal U.S. EDITION Home DJIA Nasdaq S&P 500 Russell 2000 Thursday, September 18, 2014 As of 8:16 AM 00 World U.S. Markets SEARCH U.S. Business Tech Last Chg %Chg International 17156.85 4562.19 2001.57 1153.89 24.88 9.43 2.59 2.92 0.15 0.21 0.13 0.25 Nikkei Hang Seng Stoxx 600 Global Dow Markets Market Data Your Money Last Chg %Chg Treasurys 15888.67 24376.41 344.39 2601.99 -­22.86 240.40 1.55 8.11 -­0.14 1.00 0.45 0.31 2-­Yr Note 5-­Yr Note 10-­Yr Note 30-­Yr Bond Opinion Life & Culture Chg Yield (%) -­0/32 -­1/32 -­0/32 -­1/32 0.573 1.836 2.627 3.373 N.Y. Currencies Euro Euro Yen Pound Real Estate Last Chg 1.284 1.284 108.625 1.626 -­0.002 -­0.012 0.260 -­0.001 Management Commodities GBPUSD USDCHF USDCHF Crude Oil Last Chg 1.63 0.94 0.94 93.94 -­0.00 0.00 0.01 -­0.48 Data Source: Dow Jones, SIX Telekurs, ICAP plc The Morning Ledger: Tech Sector Leads Earnings Rush Data Dashboard Deals Dashboard CFO Report Compliance Capital Liquidity Management CFO Moves: Covidien, Merck KGaA, Waterstone Financial CONTENT FROM OUR SPONSOR January 27, 2014, 12:55 PM ET Mary Jo White Wants SEC to ‘Rethink’ Corporate Disclosures Article Comments (1) By EMILY CHASAN Senior Editor Embracing Digital: Why Boards That Don't Could Put Companies at Risk Research by OpenMatters with input from Deloitte shows that companies that don't align their boards with digital technologies (Cloud, Analytics, Social and Mobile) may be missing out on opportunities to create value and satisfy the demands of customers and investors. Learn about the four distinct business models today's companies use to create value, with each model featuring a different level of technological enablement. Read more about: Risk, Strategy, Technology Read more from Deloitte » The Securities and Exchange Commission is embarking on a project to review corporate disclosures and may “rethink” the type of information companies release to investors, the agency’s head said on Monday. Please note: The Wall Street Journal News Department was not involved in the creation of the content above. “I believe we should rethink not only the type of information we ask companies to disclose, but also how that information is presented, where and how that information is disclosed, and how we can take advantage of technology to facilitate investors’ access to information and make it more meaningful to them,” SEC Chair Mary Jo White said in comments to a Securities Regulation Institute in California. She is asking the SEC staff to begin “an active review of disclosure rules” this year and will seek input from companies, investors and other market participants. The SEC staff in December released a 105-­page analysis on the so-­called “Regulation S-­K” rules which describe corporate disclosure requirements for companies outside of financial statements, such as executive compensation and corporate governance disclosures. The report was required by the 2012 Jumpstart Our Business Startups Act to address concerns that corporate disclosure requirements were inhibiting companies from going public. It highlighted issues such as the presentation of non-­financial information and avoiding common corporate boiler-­plate language. Ms. White has given several speeches on the need to overhaul corporate disclosures since her appointment in April, often saying that “information overload” is making it too difficult for investors to wade through corporate reports for relevant information. About The CFO Report The CFO Report provides original real-time reporting, analysis and commentary on news and trends of critical importance to chief financial officers and other senior corporate finance executives: accounting, tax, regulation, capital markets, banking, management and strategy. The CFO Report is a core component of CFO Journal, which aggregates articles and data from The Wall Street Journal and other premium sources. Contact our editors with news items, comments and questions at: [email protected] Learn about the CFO Journal editorial team. “The ultimate objective is for the commission to improve the disclosure regime for the benefit of both companies and investors,” Ms. White said. Like The CFO Report on Facebook Write to Emily Chasan at [email protected] The CFO Report Categories Today's Roundup 849 Earnings 223 Executive Moves 830 Financial Reporting 207 Management 477 M&A 197 Compliance 458 Risk 189 Capital 352 Governance 186 Debt 303 The Weekend Reader 166 Liquidity 253 Audit 159 SEC 250 Compensation 151 Accounting 241 Tax 135 Cash 233 The Big Number 128 Search for CFO Report Articles CFO Video CFOs Give Their One Piece of Financial Advice 1:12 Morgan Stanley CFO: Wall Street Firms Must Play to Strengths Arrow CFO: Some Strength in Midwest Manufacturing 3:12 3:35 Getty Images SEC Chair Mary Jo White Read More About: COMPENSATION DISCLOSURES, CORPORATE GOVERNANCE, DISCLOSURE, EXECUTIVE COMPENSATION, GOVERNANCE, INVESTOR RELATIONS, MARY JO WHITE « Previous The Morning Ledger: Tech Sector Leads Earnings Rush Next » CFO Moves: Covidien, Merck KGaA, Waterstone Financial THE CFO REPORT HOME PAGE SPONSORED RESULTS Best Stocks To Invest Best Stocks To Buy Top 5 Stocks To Buy Top Stocks To Invest 2014 Luxury Sedans Dividend Stocks To Buy Hot Penny Stocks To Buy Top Stocks To Buy Now 2014 Luxury Cars 10 Best Dividend Stocks Add a Comment Name We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name. Comment CLEAR POST View all Comments » Comments (1 of 1) 3:18 pm January 28, 2014 Dave wrote: I guess she’s gotta do something to justify her salary. W F T L F G Y P R A Back to Top Customer Service Policy Advertise Tools & Features More Customer Center Privacy Policy Advertise Apps Why Subscribe New! Live Help Cookie Policy Place a Classified Ad Emails & Alerts Reprints Contact Us Data Policy Sell Your Home Graphics Content Partnerships WSJ Weekend Copyright Policy Sell Your Business Columns Conferences Contact Directory Subscriber Agreement & Terms of Use Commercial Real Estate Ads Topics Mobile Site Recruitment & Career Ads Guides Price & Volume Franchising Portfolio Keyword & Symbol Advertise Locally Old Portfolio News Archive Corrections Your Ad Choices Jobs at WSJ Copyright ©2014 Dow Jones & Company, Inc. All Rights Reserved. ...
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