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 ...