SEC to get strict over workforce disclosures

Under the spotlight: Corporate America’s white-dominated leadership came under spotlight last year for supporting the Black Lives Matter movement while disclosing little on corporate diversity. — AP

WASHINGTON: The US Securities and Exchange Commission (SEC) is headed for a scuffle with corporate America over how much information public companies must disclose about their most important asset: employees.

Urged on by progressive Democrats, unions and investors, the regulator is working on a rule that will require public companies to disclose more information on their workforces, such as data on diversity, staff compensation and employee turnover.