On March 25, the US Securities and Exchange Commission (SEC) issued another round of relief for public companies with regard to financial filings in light of the Coronavirus Disease 2019 (COVID-19) outbreak. The Commission provided public companies with a 45-day extension to file reports originally due between March 1 and July 1, 2020. This new order is…
Investors in 2019 have increasingly turned their attention to environmental, social, and governance (ESG) topics, and are demanding more information on how companies are thinking about the potential long-term risk and opportunities related to specific environmental and social factors. As companies prepare for the 2020 proxy season and engage with shareholders, directors should understand the…
Using the CompanyIQ® SEC EDGAR search tool, reviewed disclosures for public companies in the Russell 3000 index for 2019, 2018, and 2017. 36 companies in the Russell 3000 have a going concern present in the auditor opinion. Nearly 60%, 21 of the 36, are pharmaceutical companies. Two of the notable companies are PG&E and Wells…
3M Suspends Operations in Venezuela – On June 11, 2019, 3M reported that it had suspended its operations indefinitely in the troubled country. Significantly, 3M did not identify Venezuela as a risk factor in its last four years of SEC filings. 3M joins a host of other companies as indicated by the CompanyIQ® SEC EDGAR…