SEC Gives Limited Direction on New Workforce Disclosures

The SEC won’t likely give companies formal guidance to help them report details about how they manage their workforces under new disclosure rules, an SEC official said Wednesday.

That’s because any guidance could limit the type of information that companies might report, Lindsay McCord, chief accountant for the Division of Corporation Finance at the Securities and Exchange Commission, said in remarks to the annual Financial Executives International corporate reporting conference.

• Companies should look to workforce-related information and metrics they have shared with their boards, and past discussions about human resource needs as a starting point for drafting the ...