The U.S. Department of Labor's Final Rule increases the minimum salary requirements for white-collar exemptions from minimum wage and overtime pay under the Fair Labor Standards Act.
DOL Final Rule Released with New Salary Requirements natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.
Thursday, March 11, 2021
Last week, the U.S. Securities and Exchange Commission (SEC) announced the creation of a new 22-person Climate and Environmental, Social, and Governance (ESG) Task Force in its Division of Enforcement, a notable development in a series of recent steps taken by the Biden administration focused on increasing ESG accountability.
The task force will use sophisticated data analytics to mine information across registrants and proactively identify potential ESG-related misconduct, including material gaps and misstatements in companies’ required disclosure of climate risks under existing rules and guidance. The task force will also analyze disclosure and compliance issues relating to ESG investment strategies. Finally, the task force will investigate whistleblower complaints as well as evaluate and pursue tips on ESG-related issues.