Climate Change Risks: Corporate Disclosure Requirements

Navigating the Groundbreaking SEC Guidance to Meet Corporate Reporting Obligations

Recording of a 90-minute CLE webinar/teleconference with Q&A


Conducted on Thursday, February 18, 2010
Recorded event now available


This CLE webinar will discuss the SEC's new guidance for corporate disclosure of material climate change risks and provide best practices for meeting the new requirements and expectations.

Description

The U.S. Securities Exchange Commission (SEC) adopted new interpretive guidance on Jan. 27, 2010, that clarifies the information public companies must disclose to shareholders about the impacts of climate change on their business operations. The SEC stated there are four topics companies should evaluate.

When drafting their disclosures, companies should evaluate the impact of climate change legislation, regulation and international accords; the actual and potential physical effects of climate change; and the actual and potential indirect consequences of climate change regulation.

Companies currently preparing their Form 10-K annual reports should carefully review and understand the SEC’s new interpretive guidance to ensure compliance with the disclosure requirements.

Listen as our authoritative panel of environmental law attorneys examines the new SEC guidance, discusses the significance of the guidance, in terms of what it states and what it may signal, and offers strategies to meet new disclosure requirements and expectations.

Outline

  1. SEC Guidance
    1. Disclosure requirements
    2. Areas where climate change may trigger disclosure requirements
  2. Strategies for meeting disclosure requirements
    1. Internal controls and procedures relating to climate change
    2. Voluntary v. mandatory climate risk reporting
    3. Determining what risks should be disclosed
    4. Developing policies and procedures to inform management and directors regarding climate issues
  3. Other related trends
    1. Recent settlements with New York Attorney General

Benefits

The panel will review these and other key questions:

  • What areas does the guidance highlight as examples of where climate change may trigger disclosure requirements?
  • What climate change risks are companies required to disclose under current state and federal laws and regulations?
  • When does climate change risk constitute new "material" risks and opportunities for companies that require reporting under current SEC regulations?
  • What steps can companies and counsel take to minimize the risk that more extensive disclosures will expose them to in civil litigation?

Faculty

Jeffrey A. Smith, Partner
Cravath Swaine & Moore, New York

His practice encompasses environmental matters relating to financings, underwritings and mergers and acquisitions in all industries. He counsels on environmental issues of interest to the SEC. He also counsels on environmental management, climage change and related corporate governance issues, shareholder relations involving environmental matters and environmental litigation.

Jim Coburn, Senior Program Manager
Ceres, Boston

He works with institutional investors to improve corporate environmental practices, organizes training workshops for investors, and produces Ceres publications on climate risk. He also manages campaigns to promote mandatory corporate climate risk disclosure and to help investors engage with asset managers to address this risk.

Ordering

Online CLE - Audio Recording

Includes audio streaming of full program plus handouts (available 24 hours after live seminar).

CLE: Pre-approved for participatory or non-traditional/alternate format credit in: CA, HI*, NY*, WV*. Pre-approved for self-study credit in: AK, AZ, MO, MT, TX, UT, VT, WA.
Upon request, also available in: CO, CT*, FL, GA, ID, KY, LA*, ME, NC, ND, NE, NH, NM, NV, OR*, SC, TN, WI*, WY. If you are applying for credit in one of these states, make sure to select those states when placing your order.
(*Indicates that Strafford must report attendance.)

Online CLE Audio $297.00
Available 24 hours after the live event

How does this work?


Recorded Event

Includes full event recording plus handouts (available after live seminar).

CLE: Pre-approved for self-study credit in: AK, AZ, CA, CT, HI, MO, MT, NY, TX, UT, VT, WA, WV. Upon request, self-study credit is also available in: CO, FL, GA, ID, KY, ME, ND, NE, NH, NM, NV, OR, WI, WY. If you are applying for self-study credit in one of these states, contact Strafford CLE at 1-800-926-7926 ext. 35 or CLE@straffordpub.com.

Webinar Download (Slide Presentation with Audio) $297.00
Available three business days after the live event

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DVD (Slide Presentation with Audio) $297.00 plus $9.45 S&H
Available ten business days after the live event

MP3 Download (Audio with Slide PDFs) $297.00
Available 24 hours after the live event

How does this work?

CD (Audio with Slide PDFs) $297.00 plus $9.45 S&H
Available ten business days after the live event

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Program Materials

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Program Materials

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Customer Reviews

The speakers included a significant number of best practices, which are critical to application of the law.

Deirdre J. Kamber

Fitzpatrick Lentz & Bubba

The teleconference addressed a highly relevant topic that recurs in my practice. The subject matter was very timely and informative.

Saleem Moghal

Paul Hastings Janofsky & Walker

The speakers were tops in their industry.

Peter Danias

Kaye Scholer

The presentation and handouts were very informative. And it allowed me to attend a CLE without leaving the office.

Bill Pemerton

Horton Maddox & Anderson

The teleconference contained information that was relevant, useful and up-to-date.

Mark Hegedus

Spiegel & McDiarmid

Environmental Law Advisory Board

John J. Allen

Partner

Allen Matkins

Albert M. Cohen

Partner

Loeb & Loeb

Aaron Courtney

Of Counsel

Stoel Rives

Andrew N. Davis

Partner

Shipman & Goodwin

Paul E. Gutermann

Partner

Akin Gump Strauss Hauer & Feld

Brian D. Israel

Partner

Arnold & Porter

Thomas J. P. McHenry

Partner

Gibson Dunn & Crutcher

Reed D. Rubinstein

Senior Counsel

U.S. Chamber of Commerce

Jeffrey A. Smith

Partner

Cravath Swaine & Moore

E. Gail Suchman

Special Counsel

Stroock & Stroock & Lavan

Gregory D. Trimarche

Partner

Bryan Cave

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