Last year, the U.S. Securities and Exchange Commission (SEC) made significant revisions to the agency’s rules governing disclosures that publicly traded companies are required to make each year, including a description of the company’s “human capital resources.” Companies began filing the required disclosures this year.
While the SEC is not normally associated with workplace enforcement, it appears to be moving forward with its first investigation into failure to comply with those mandated disclosures, in a case involving one of the country’s top producers of video games, Activision Blizzard.
As we explain below, the SEC’s investigation has potential significant implications not only for Activation Blizzard but also for any company subject to the SEC’s jurisdiction that fails to comply with its human capital disclosure rules.
Members of the Center for Workplace Compliance (CWC) can read more here.