• SEC Clarifies Climate Change Disclosure Obligations
  • February 9, 2010 | Authors: Jeff Civins; Mary Simmons Mendoza
  • Law Firm: Haynes and Boone, LLP - Austin Office
  • On January 27, 2010, the Securities and Exchange Commission (the “SEC”) voted to provide interpretive guidance on SEC disclosure requirements as they apply to business or legal developments relating to the issue of climate change. The new interpretive guidance, which is to be posted on the SEC’s website and expected to be effective immediately upon publication, is intended to provide clarity and to enhance consistency for public companies and their investors, not to create new, or modify existing legal requirements. According to the SEC, the relevant rules cover a company’s risk factors, business description, legal proceedings, and management discussion and analysis.