In the event you missed it, the U.S. Securities and Exchange Commission (SEC) announced the adoption of new rules on enhanced proxy disclosures (PDF) December 16, 2009. The new rules will likely have far-reaching impacts on risk management and corporate governance in the U.S. They require disclosures in publicly traded companies’ proxy and information statements about:
- The relationship of a company’s compensation policies and practices to risk management.
- The background and qualifications of directors and nominees.
- Legal actions involving a company’s executive officers, directors, and nominees.
- The consideration of diversity in the process by which candidates for director are considered for nomination.