Divided SEC Requires More Workforce Disclosures From Companies

Companies will have to tell investors about how they manage their workforces under new SEC rules that Democratic commissioners say don’t go far enough.

A divided Securities and Exchange Commission adopted the disclosure changes to Regulation S-K on a 3-2 vote Wednesday, with Democrats saying the plan doesn’t require specific reporting in areas such as workplace turnover and diversity.

Regulation S-K focuses on companies’ non-financial reporting requirements. Companies now will need to disclose human capital objectives and measures they concentrate on when managing their businesses, among other updates to Regulation S-K. The commission previously only directed companies to report how ...