Public Disclosure of Workplace Harassment and Discrimination Settlements
This Act mandates large publicly traded companies to annually disclose detailed information regarding settlements and judgments related to sexual abuse, harassment, and discrimination in the workplace. The goal is to increase corporate transparency and accountability, potentially leading to safer work environments for citizens. Disclosed data includes the total number and dollar amounts paid in settlements, including those involving corporate executives, while strictly protecting the anonymity of victims.
Key points
Increased Transparency: Publicly traded companies (those filing Form 10-K) must publicly disclose data on settlements and judgments related to sexual abuse, harassment, and discrimination.
Victim Protection: The names of victims cannot be disclosed publicly by the companies or by the Securities and Exchange Commission (SEC).
Executive Accountability: Settlements and judgments where the alleged perpetrator was a corporate executive must be reported separately.
Scope of Coverage: Disclosure requirements cover a wide range of discrimination and harassment, including based on sex, race, age, disability, sexual orientation, and gender identity.
Expired
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