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A basis for research and practical guidance focusing on federal securities laws, compliance & corporate governance.

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DealLawyers.com

An educational service that provides practical guidance on legal issues involving public and private mergers & acquisitions, joint ventures, private equity – and much more.

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CompensationStandards.com

The “one stop” resource for information about responsible executive compensation practices & disclosure.

Section16.net

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Widely recognized as the premier online research platform providing practical guidance on issues involving Section 16 of the Securities Exchange Act of 1934 and all of its related rules.

PracticalESG

PracticalESG.com

Keeping you in-the-know on environmental, social and governance developments

The administration’s deregulatory push continues with civil rights regulations now in the crosshairs. The Equal Employment Opportunity Commission (EEOC) issued a proposed rule last week removing the requirement for EEO data reporting under Title VII of the Civil Rights Act. In a press release outlining their rationale, the EEOC states:

“In the NPRM, the Commission determined that the EEO Data Reports are inconsistent with equal employment opportunity law, may raise constitutional concerns, and collect data that is not narrowly tailored or necessary to enforce anti-discrimination statutes. Under Title VII, the EEOC is not required to impose these reporting obligations and may eliminate them when they are inconsistent with the law, not useful, or counter to enforcement priorities. The NPRM concludes that any limited value of the reports is outweighed by the significant burdens they impose on employers and on the Commission — particularly because employers must submit them annually without any specific indication of a potential violation.”

Removing this requirement will make it significantly more difficult to gain transparency into the demographic makeup of a company’s workforce. Given that EEO Data Reporting has been around since 1966, it will be interesting to see if companies choose to continue disclosing this data on a voluntary basis. Additionally, we’ll see how the investor community reacts. Generally, investors prefer access to data of any kind. Since companies already have the processes and procedures in place to collect and report demographic data, there may be pressure from investors to continue that reporting.

Our members can learn more about ESG workforce compliance issues here.

If you’re not already a member, sign up now and take advantage of our no-risk “100-Day Promise” – during the first 100 days as an activated member, you may cancel for any reason and receive a full refund. But it will probably pay for itself before then. Members also save hours of research and reading time each week by using our filtered and curated library of ESG/sustainability resources covering over 100 sustainability subject areas – updated daily with practical and credible information.

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The Editor

Zachary Barlow is a licensed attorney. He earned his JD from the University of Mississippi and has a bachelor’s in Public Policy Leadership. He practiced law at a mid-size firm and handled a wide variety of cases. During this time he assisted in overseeing compliance of a public entity and litigated contract disputes, gaining experience both in and outside of the courtroom. Zachary currently assists the PracticalESG.com editorial team by providing research and creating content on a spectrum of ESG… View Profile