Virus Requires SEC Action on Workforce Disclosures, Lawmakers Say

The Securities and Exchange Commission should push companies to disclose details of their workforce management practices in the wake of the coronavirus pandemic, two Democratic lawmakers said.

Sen. Mark Warner (D-Va.) and Rep. Cynthia Axne (D-Iowa), in a letter sent Tuesday to SEC Chairman Jay Clayton, urged the agency to issue guidance on the “critical” human capital information companies should disclose to investors and the public.

The Covid-19 pandemic has underscored the need for companies to disclose critical information including employee engagement and sick leave policies, workplace cleaning practices, varying work schedules, and protective equipment for workers, the letter said. ...