With year-end reporting and proxy season upon us, now is a good time to look back through the Public Company Growth & Compliance Group’s 2016 archives to identify the year’s key securities reporting and corporate governance developments. Making this list were those issues most likely to continue ripening in 2017 and to impact the most public companies.
Without further ado, and in no particular order:
- Enforcement efforts at the SEC continued to heat up. (See this Doug’s Note.)
- U.S. and U.K. corporate governance continued to converge. (See this Doug’s Note.)
- Accounting Standards Update No. 2016-02 “Leases” (Subtopic 842) was adopted. (See this Doug’s Note.)
- The SEC provided new non-GAAP financial measure C&DIs. (See this Doug’s Note.)
- The U.K. voted to leave the European Union. (See this Doug’s Note.)
- Nasdaq issued new disclosure requirements for third-party payments to directors. (See this Doug’s Note.)
- The SEC strengthened its attack on contractual whistleblower restrictions. (See this Doug’s Note.)
- ISO 37001, the first international anti-bribery management system standard, was published. (See this Featured Article.)
- The SEC proposed T+2 settlement rules. (See this Doug’s Note.)
- The SEC issued new pay ratio C&DIs. (See this Doug’s Note.)
2016 was another busy year at the SEC, PCAOB and the world of corporate governance. Expect the recent election results to accelerate this trend in 2017.