GM, Chevron Knock SEC’s Human Capital Disclosure Plan

An SEC proposal to enhance disclosures on company workforces isn’t sitting particularly well with GM and Chevron.

The corporate giants have raised concerns with the Securities and Exchange Commission over its plan to change some of how public companies report non-financial information, including human capital details. The August proposal stems from the Disclosure Effectiveness Initiative former SEC Chairman Mary Jo White began during the Obama administration to improve Regulation S-K and other corporate reporting requirements.

The plan would direct companies to disclose “human capital measures or objectives that management focuses on in managing the business.” Companies only need to report ...