Impressed by his comments - "Stunned by XBRL's use at the US SEC" and "Momentum is increasing in its use in other areas of regulatory reporting at the US SEC besides financial statement data reporting such as executive compensation, proxy and crowdfunding" and "XBRL or "structured data" is mentioned in seven US SEC rules or proposed rules of the US SEC in the past 12 months."
Great article in Sustainable Brands and the significance of non-financial reporting disclosure by companies and its direct relationship to investor behavior… According to a recent Ernst & Young survey : Investors are increasingly using non-financial performance to draw...
The US SEC Commission voted to propose rules to require public companies (+14,500) to disclose the relationship between executive compensation and the financial performance of a company to increase transparency and accountability. The proposed rules, which would implement a requirement mandated by the Dodd-Frank Act, would provide greater transparency and allow shareholders to be better informed when they vote to elect directors and in connection with advisory votes on executive compensation. The proposed rule requires companies to tag the disclosure in an interactive data format using eXtensible Business Reporting Language, or XBRL
The European Parliament has voted in favor of new rules that will strengthen shareholder rights and facilitate cross-border voting under the Shareholders Rights Directive as the new Trump Presidential administration moves in the complete opposite direction related to enhanced corporate...
Earlier this week the US Securities and Exchange Commission's Office of Minority and Women Inclusion (OMWI) issued a report aimed at helping SEC-regulated entities assess diversity efforts to the capital markets and other interested stakeholders. The self-assessments are voluntary for US public...
And when we adopt new requirements under our rules now, we are assessing not only whether the information is needed for informed decisions by investors, but also whether the information can be usefully structured – including, among recent examples, in executive compensation proposals and new disclosure requirements for asset-backed securities
Great article in Accounting Today by Daniel Hood (Editor) today about the accounting profession and its relationship to technology… From Accounting Today: T homson Reuters’ Jon Baron … roughly a third of them (accountants) are dooming themselves to extinction by not embracing change and...
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Great article in Accounting Today about the status of XBRL adoption worldwide and its use to reduce business and regulatory reporting burdens (using Standard Business Reporting) and enhance analytics because tagged data is in a machine-readable structured format as discussed by John Turner,...
Great article in Fed Scoop about new legislation being introduced in Congress that would take the XBRL global data standard -- created by the accounting profession -- and build-out across all federal financial agencies for better transparency and accountability. Using the machine-readable,...