SEC Looking for Virus-Impact, Workforce Detail in Annual Reports

Extensive shipping delays and struggles to keep staff on the payroll should be among the disclosures U.S. companies consider detailing to investors in upcoming annual reports, a Securities and Exchange Commission official said Thursday.

Corporate disclosures should evolve to keep investors informed about new risks, like supply chain disruptions and inflation, Lindsay McCord, chief accountant for the SEC’s Division of Corporation Finance, said at a Financial Executives International conference.

• Disclosures should include updating investors about the pandemic’s shifting impact on liquidity and other areas. Companies should consider, for example, detailing the cost of new health and safety policies as ...