The nation’s largest pension funds and other institutional investors want the Securities and Exchange Commission to make listed companies provide more information on their so-called “human capital.”
Improved transparency on issues such as workforce diversity, pay practices and corporate culture could help investors see which companies carry a competitive advantage and which ones face reputational or legal risks. But “human capital is nearly invisible in the commission’s disclosure rules,” the group of investors with more than $2.8 trillion in assets said in a recent petition asking the SEC for a new reporting rule.
Some of the shareholders involved, including Trillium...
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