Public Company Advisory: SEC Snapshots - Second Quarter 2022

PDF

The members of Maynard’s Public Company Advisory Group counsel public companies, as well as companies aiming to become public, on the full range of matters shaping their operations in the public markets. As a continued service to our clients, we provide a quarterly summary of important developments affecting public companies. Top trending items for the second quarter of 2022 are listed below (in chronological order and with embedded links to the source materials):

• The SEC proposed new Regulation SE to create a regime for the registration and regulation of security-based swap execution (April 6, 2022)
• The White House announced two nominees to the Securities and Exchange Commission, Mark Uyeda and Jaime Lizárraga (April 6, 2022)
• The Ukrainian Bar Association submitted a petition for rulemaking with the SEC requesting a rule requiring issuers to disclose their business dealings in and with Russia and Belarus (April 14, 2022)
• Aon published a study of human capital disclosure trends (April 29, 2022)
• State Street published its annual asset stewardship report (April 30, 2022)
• The SEC published a sample comment letter regarding disclosures pertaining to Russia and Ukraine conflict supply chain issues (May 3, 2022)
• The SEC announced the allocation of 20 additional positions to the unit that addresses crypto markets and cyber-related threats (May 3, 2022)
• PwC published a study on chief sustainability officers (May 4, 2022)
• The SEC extended the comment period, until June 17, 2022, for its proposed rules on climate disclosure (May 9, 2022)
• Spencer Stuart published a study on board ESG oversight and strategy (May 10, 2022)
• Blackrock updated its voting choice initiative which provides institutional investors the power to vote shares represented in its investment products (May 15, 2022)
• The Conference Board published a study on board composition (May 19, 2022)
• The SEC proposed rule amendments to enhance disclosures by certain investment advisers and investment companies about ESG investment practices (May 25, 2022)
• PwC published its annual global risk survey (May 28, 2022)
• Audit Analytics published a report on trends in financial restatements (May 31, 2022) (free registration required)
• Deloitte and the Society for Corporate Governance published a study on board committees (June 1, 2022)
• The SEC adopted amendments to its electronic filing requirements, including for glossy annual reports and Form 144 filings (June 2, 2022)
• Georgeson published its annual early proxy season report (June 7, 2022) (free registration required)
• LRN published a report on trends in corporate codes of conduct (June 7, 2022)
• The SEC Acting Chief Accountant issued a statement on auditor independence (June 8, 2022)
• The SEC reopened the comment period on proposed rules for listing standards for the recovery of erroneously awarded compensation (“clawbacks”) (June 8, 2022)
• The PCAOB adopted amendments to its standards related to the lead auditor’s use of other auditors (June 21, 2022)
• The SEC released the Spring 2022 Unified Agenda of Regulatory and Deregulatory Actions (June 22, 2022)
• Mark Uyeda was sworn into office as a Commissioner of the SEC (June 30, 2022)

For additional information about any of the above developments, or to discuss any questions that you may have, please contact a member of Maynard’s Public Company Advisory Group.