The US Securities and Exchange Commission (SEC) issued its final rule on August 26 to modernize public reporting by companies subject to SEC guidance. For the first time, the SEC is mandating human capital disclosure by publicly traded US companies, effective in the fourth quarter of 2020. Companies are required to include a description of their human capital resources, including any human capital measures or objectives, that are material to understanding their business. In particular, the SEC expects to see discussion and reporting in three areas: attraction, development, and retention of personnel. The International Organization for Standardization’s (ISO) recent guidelines for human capital reporting provide a starting point for companies in their selection and definition of measures to share publicly to meet the new SEC rule.
Join Dave Vance to learn more about the SEC final rule and the ISO standards. He will provide an overview of both efforts and focus on the measures for learning and leadership development that are most likely to be reported. Key topics will include:
• A brief history of both efforts
• A summary of the SEC rule with a focus on human capital reporting
• The 59 measures recommended by ISO with a focus on those for public reporting
• The likely impact and consequences of both initiatives
Our profession is about to undergo a major change driven by the coming transparency and sharing of information previously considered confidential. This webcast will help prepare you to meet the new SEC rule and begin to create your reporting strategy.
Please register above to view this Webinar.
David Vance is the executive director of the Center for Talent Reporting, which is a nonprofit organization dedicated to the creation and implementation of standards for human capital reporting and management. He is the former president of Caterpillar University, which he founded in 2001. Until his retirement in January 2007, he was responsible for ensuring that the right education, training, and leadership were provided to achieve corporate goals and efficiently meet the learning needs of Caterpillar and dealer employees. Prior to this position, Dave was chief economist and head of the Business Intelligence Group at Caterpillar Inc., and was responsible for economic outlooks, sales forecasts, market research, competitive analysis, and business information systems.
Dave was named 2006 Chief Learning Officer of the Year by Chief Learning Officer magazine. He is a trustee and lead independent director for State Farm Mutual Funds, and an advisory board member for Capital Analytics and Knowledge Advisors. His first book, The Business of Learning: How to Manage Corporate Training to Improve Your Bottom Line, was published in October 2010.
