Recommendation of the SEC Investor Advisory Committee’s Investor-as-Owner Subcommittee regarding Human Capital Management Disclosure

The IAC recommends that the Commission strengthen current Item 101(c) under Regulation S-K pertaining to human resources disclosures by 1) requiring disclosure of (listed metrics in recommendation) and 2) consider narrative disclosure, in the Management Discussion & Analysis, of how the firm’s labor practices, compensation incentives, and staffing fit within the broader firm strategy.

Produced for the Security and Exchange Commission and the SEC Investor Advisory Group. Drafted September 13, 2023. Pictures and/or video sourced from respective media. [Open Source]