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Opponents of mandatory disclosures about climate risk and diversity will argue that they exceed the agency’s authority a six-minute chat with Robert Stebbins, the SEC s general counsel until January.
Transcript
Ann Beth Stebbins: This is Ann Beth Stebbins. I’m a partner in Skadden’s M&A Group, and I’m joined here this morning by Bob Stebbins. Bob was until January the general counsel of the Securities and Exchange Commission, and he also happens to be my husband. We’re going to discuss what direction the SEC might take under Gary Gensler, President Biden’s nominee for chairman. There’s been a lot of speculation that a Democratic-controlled SEC may implement rules requiring corporate disclosures on ESG issues everything from climate risks to diversity in the workplace. What I want to discuss today is the SEC’s authority to require ESG disclosures across the board even when these disclosures are not nec