Meeting Agenda
U.S. Securities and Exchange Commission
Investor Advisory Committee
June 22, 2023
10:00 a.m. - 10:05 a.m. | Welcome and Introductory Remarks |
10:05 a.m. - 10:25 a.m. | Opening Remarks |
10:25 a.m. - 10:30 a.m. | Approval of Previous Meeting Minutes |
10:30 a.m. - 11:30 a.m. |
Panel Discussion: Private Funds/Markets and Outbound Investments in Countries of Concern Investors in private funds and in the private markets are increasingly concerned that a lack of transparency around outbound investments, especially those in "countries of concern", may be funding human rights abuses, the military-industrial complex of countries, and the development of sensitive technology. This panel will first discuss the problems the lack of transparency into outbound investments in countries of concern pose and how the SEC as a disclosure focused agency can provide investors, many of whom manage money on behalf of public employees, with additional information that would allow them to decide the suitability of their investments. These disclosures could also help investors better assess how exposed their investments may be to geopolitical risk. Moderated by:
Panelists:
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11:30 a.m. - 1:00 p.m. | Lunch/Non-Public Administrative Session |
1:00 p.m. - 2:40 p.m. |
Panel Discussion: Ensuring Digital Engagement Practices Responsibly Expand Investment Opportunities This panel will focus on current challenges and potential improvements to the use of digital engagement practices by investment firms as they attract new investors – particularly those with lower incomes or from underrepresented groups. Panelists will provide an overview of the concerns and challenges currently being observed and discuss ideas for potential reforms that could create better outcomes for new investors and help expand investing to underserved groups. Moderated by:
Panelists:
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2:40 p.m. - 3:55 p.m. |
Panel Discussion Regarding Audit Committee Workload and Transparency This panel will focus on the role of the audit committee, which is rapidly changing, where many audit committees now oversee a variety of emerging risks while balancing an ever-increasing workload. Simultaneously, there is a larger focus on the audit itself with the PCAOB taking a fresh look at auditing standards. Risks continue to emerge and evolve. The presenters and the panel will explore how audit committees are keeping pace with shifting responsibilities and priorities, and whether existing audit committee disclosures adequately benefit investor needs. Moderated by:
Presentations:
Panelists:
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3:55 p.m. - 4:15 p.m. |
Discussion of a Recommendation regarding Single-Stock ETFs (Andrew) |
4:15 p.m. - 4:35 p.m. | Discussion of a Recommendation regarding proposed amendments to Regulation 13D-G and proposed rule 10B-1 under the Securities Exchange Act of 1934 - Brian Schoor/Andrew Park |
4:35 p.m. - 4:55 p.m. | Discussion of a Recommendation regarding Registered Investment Adviser Oversight (Paul R.) |
4:55 p.m. - 5:15 p.m. |
Subcommittee and Working Group Reports Disclosure Subcommittee (Christine) |
5:15 p.m. |
Closing Remarks and Adjourn |
Last Reviewed or Updated: July 14, 2023