Publicly traded companies are required to transparently disclose
material business risks to investors through regular filings with
the Securities and Exchange Commission (SEC). On January 27, 2010,
the SEC voted to publish "Commission Guidance Regarding Disclosure
Related to Climate Change", which clarifies how publicly traded
corporations should apply existing SEC disclosure rules to certain
mandatory financial filings with the SEC regarding the risk that
climate change developments may have on their businesses. The
Guidance has been controversial and has prompted the legislation in
the 112th Congress to repeal it. This book provides an overview of
the Guidance, with a focus on opposing views; congressional
legislation; potential corporate costs and benefits of implementing
the Guidance; and the impact of the Guidance from the perspective
of investors, corporations, and finance professionals.
General
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