Mandatory Disclosure of Workplace Harassment and Discrimination Settlements by Public Companies.
This Act mandates that large public companies disclose annual financial and numerical data regarding settlements and judgments related to sexual abuse and specific types of workplace harassment and discrimination. The goal is to enhance corporate transparency, allowing shareholders and the public to assess the company's workplace culture and legal risks. The law strictly protects victim identity and grants victims the right to object to the disclosure of certain case details.
Key points
Publicly traded companies must annually report the total number and dollar amounts paid for settlements and judgments concerning workplace misconduct.
Separate reporting is required for cases involving corporate executives as perpetrators, increasing accountability for senior management.
Victim privacy is protected: names cannot be disclosed, and victims can choose to object to the categorization of their case details in the public report.
Expired
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