With new climate-related disclosure rules in the making, the Securities and Exchange Commission has signaled greater enforcement ahead of environmental, social, and governance disclosures. For public companies, these developments signal the most significant overhaul of ESG reporting requirements in two decades. Even though the proposed rules have yet to be adopted, and face all but certain legal challenges thereafter, the SEC climate-related disclosure rules represent a growing global business push for more consistent, transparent ESG reporting standards by companies. Read More
All posts by Lisa Singh
For foreign firms with U.S. operations, the prospect of U.S. litigation is increasing, along with a wide range of regulatory requirements in different industries. To manage the risk, businesses will need to start with a comprehensive legal strategy. In dealing with globalization, intellectual property issues, and policy uncertainty, both stateside and abroad, companies face a widening range of worldwide liability — hastened in some cases by the growth of litigation funding vehicles. In this environment, the threat of U.S. litigation is increasingly real for nearly any business with stateside operations. Full report.
Half of public company directors say their boards lack insight into emerging technologies affecting their industry, and they often rely too heavily on management to stay current, finds a new survey from Ernst & Young. Corporate general counsel are well positioned to get their boards up to speed and help guide the organization to tech investments that will advance efficiencies, as well as minimize the potential risk of hasty technology adoption. General counsel can bridge the divide by “[making] sure that not only the board, but management, is getting some type of external perspective so they can sufficiently address the […]
In a recent survey of nearly 7,000 attorneys, across 135 countries, one in three female attorneys polled by the International Bar Association stated they had been sexually harassed at work. Half the respondents said they had been bullied. Concurrently, the details of a sex discrimination suit against an international law firm have remained newsworthy, as reported by Bloomberg Law. The ripple effects extend as well to the larger corporate world. In a study of Fortune 1000 companies, most of nearly 400 respondents, across two dozen industries, said they had turned to outside counsel to assist in-house legal teams amid a […]
Nearing its halfway mark, 2019 is on track for record penalty amounts under the Foreign Corrupt Practices Act, a trend that should worry multinational corporations navigating compliance challenges both stateside and abroad. Last year, more than a dozen companies paid out $2.89 billion to settle cases initiated under FCPA, noted Risk Advisory in its annual Corruption Challenges Index survey. While first quarter 2019 FCPA enforcement actions were up slightly from the same period last year, the penalty amounts showed a dramatic upward shift. “In the first quarter of 2019 alone, the Securities and Exchange Commission and Department of Justice racked […]