The SEC recently proposed revisions to Regulation S-K to streamline public companies’ disclosures of their business operations, risk factors and legal proceedings. The proposed revisions affect Items 101(a) and (c), 103 and 105 of Regulation S-K.
Among other changes, the proposed rules would revise the requirements related to the general business description by adopting:
- a more principles-based approach that will require each company to address matters material to its business,…