Former SEC commissioner Joe Grundfest, now of Stanford Law School, and former SEC Corp Fin Director Alan Beller, now of Cleary Gottlieb Steen & Hamilton, are among panelists slated to appear at tomorrow’s SEC Roundtable on Modernizing the Securities and Exchange Commission's Disclosure Systems, which relates to SEC’s 21st Century Disclosure Initiative (we’ll call it “21CDI” ). The fact that the SEC posted the list of panelists & detailed agenda last week was perhaps overshadowed by all the Emergency Economic Stabilization Act goings-on.
Robert (Bob) Sorrentino, Director of Accounting Policy and External Reporting at Xerox Corporation and an alternate member of FEI’s Committee on Corporate Reporting (CCR), and Steve Bochner of Wilson Sonsini, a member of the SEC Advisory Committee on Smaller Public Companies, are among the diverse group of panelists.
One of the more interesting panelist bios is that of Esther Dyson, Chairman, EDventure Holdings, which states: “Despite a BA in economics from Harvard (1972), it was [while working at] Forbes [Magazine] that [Dyson] learned to read a balance sheet…”
A related SEC Notice/Request for Comment on the 21st Century Disclosure Initiative has a comment deadline of October 22. The questions are indicative of the fact that an entirely new model for SEC’s disclosure system is being considered, including the “Company File System” approach, which is described further in the 21 CDI FAQ’s and Strategic Plan.
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