1-Hour Program

See Credit Details Below

Overview

In a highly anticipated meeting, on March 9, 2022, the U.S. Securities and Exchange Commission (“SEC” or “Commission”) proposed significant new cybersecurity disclosure requirements.  The proposed rule would require current disclosures on Form 8-K about material cybersecurity incidents and periodic disclosures about cyber-related policies, procedures, and governance practices.  The proposal builds on the SEC’s previous guidance in Corporation Finance’s “Disclosure Guidance Topic No. 2 – Cybersecurity” and the Commission’s 2018 Release, “Commission Statement and Guidance on Public Company Cybersecurity Disclosures.”  Companies should begin planning now for more extensive and complex disclosure requirements likely to be enacted from this proposal.  Please join Gary M. Brown and Gina Ginn Greenwood of Nelson Mullins Riley & Scarborough LLP and SEC Institute Director George M. Wilson as they discuss existing and proposed disclosure requirements and planning for new disclosures.

In this Briefing faculty will:

  • Summarize and review the details of the proposed rule – 10 minutes
  • Relate the proposed rule to Corporation Finance Disclosure Guidance Topic No. 2 – Cybersecurity – 5 minutes
  • Distinguish the proposed rule from the 2018 Commission Release, “Commission Statement and Guidance on Public Company Cybersecurity Disclosures” – 5 minutes
  • Analyze the details of the proposed new Form 8-K disclosures – 5 minutes
  • Describe the proposed updating for disclosures of previously disclosed incidents – 5 minutes
  • Review proposed cybersecurity policy and procedures disclosures – 5 minutes
  • Explain proposed disclosures for management’s role in cybersecurity risk management – 5 minutes
  • Describe and discuss the proposed disclosures for board expertise and oversight of cybersecurity risk – 10 minutes
  • Enumerate and list steps to take in preparation for new disclosures – 10 minutes

 

Program Level:  Update 

Intended Audience:  Accountants and attorneys who deal with SEC reporting and disclosure and related accounting issues, including CFOs, controllers and their staff, internal auditors, partners of public accounting firms and their staff, in-house counsel, and outside attorneys

Prerequisites:  None 

Advanced Preparation:  None

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Credit Details

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