Rules & Rulings – February 2021

UPDATE ON ESG RISK

ESG, or environmental, social, and governance risks, will likely assume increased importance under the Biden administration. As recently as August 2020, the SEC adopted amendments to modernize the description of business, legal proceedings, and risk factor disclosures that public companies are required to make under Regulation S-K. In the accompanying press release, the SEC noted that the amendments reflect the SEC’s “long-standing commitment to a princip…