Compliance Week featured Professor Roberta Karmel in its coverage of a recent Securities and Exchange Commission roundtable on cybersecurity. The daylong event gathered a cross-section of executives, advisers, and regulators to consider the pros and cons of greater cyber-security disclosure.
Professor Karmel, a former SEC commissioner, called on the SEC to resist the urge to require more disclosure. “I have a resistance to the idea that when something becomes a matter of public policy the SEC should always be tasked with doing something about it,” she said, citing the example of environmental issues incorporated into the disclosure regime. “Doing that just adds to the prolixity and length of disclosure documents without being really that helpful to investors.”
Read more about Professor Karmel.