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House Panel OKs Bill for New Corporate Workforce Disclosures (1)

Feb. 28, 2020, 3:42 PMUpdated: Feb. 28, 2020, 5:53 PM

Companies would have to tell investors more about their employees under Democratic legislation the House Financial Services Committee has advanced.

The panel endorsed the Workforce Investment Disclosure Act (H.R. 5930) on a 33-25 vote Friday. The measure from Rep. Cindy Axne (D-Iowa) would require companies to report details concerning their so-called human capital management practices, policies, and performance. Companies only have to disclose the size of their workforce under current reporting rules.

Human capital has become a hot topic as companies compete to recruit and retain workers in an increasingly knowledge-based economy.

“Investors have extremely limited information about...

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