At an April 19 hearing of two subcommittees of the US House Oversight and Government Reform Committee, members wanted to know if the government would hit the deadline." Based on the US House hearing and testimony by government officials – the answer is “YES”
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Importance of Diversity and Inclusion Having an active diversity and inclusion strategy and disclosing these metrics included in the financial report also builds the business case to attract an increasing number of investors looking for this additional data disclosure. The US House of Representatives’ Financial Services Committee just created a Diversity and Inclusion subcommittee (the first in the nation’s history) to examine this important human capital topic and to understand what companies are disclosing this data, why and how the capital markets and government can support better disclosure
On the same day - February 6, 2019 -- companion bills were introduced into both the U.S. House of Representatives and Senate that would require every public company to disclose in proxy statements: (i) data regarding the racial, ethnic and gender composition of its board of directors, director nominees, and executive officers, as well as the status of any such person as a veteran, in each case, based on voluntary self-identification; and (ii) whether the board has a policy or strategy to promote racial, ethnic and gender diversity among directors, nominees or executive officers
Financial Statements financial technology Financial Times Fintech FSCDems Fujitsu GAAP GAO gartner GASB GE General Ledger Glass Lewis GLEIF global standard Google governance Government Reporting Grant Thornton House Finance...
President Trump on January 14, 2019 signed into law the Foundations for Evidence-Based Policymaking (FEBP) Act ( H.R. 4174 , S. 2046 ), which includes the Open, Public, Electronic, and Necessary (OPEN) Government Data Act (Title II). Strategic Finance Magazine published the following article...
” Additionally, Mulvaney suggested in his testimony that OMB could help clarify the White House budget by publishing it using the same standards laid out in the Data Act
All eyes now turn to see if SEC Chairman Mary Jo White -- will she mandate Inline XBRL for public company financial statement disclosure before President Obama leaves office and she resigns her position Chair and follow the ESMA mandate for EU public companies and other regulators such as UK Companies House. Will this action translate to DATA Act reporting by federal government agencies ?