Confirmation raises expectations for political spending disclosure
The Senate voted 53-45 Wednesday to confirm Gary Gensler as Securities and Exchange Commission chairman, potentially opening the door to increased political and climate risk disclosures from companies.
Gensler will lead the agency amid growing calls for more public company disclosures from both Democrats and corporate shareholders. With his arrival, Democrats will have a majority on the commission.
Mandated corporate disclosure of political spending and climate risk merits a closer look given strong investor interest, Gensler said during his March 2 confirmation hearing. Continue reading.