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The SEC published its Spring 2025 Reg Flex Agenda. The Society is well-positioned to continue to engage with discrete listed rulemaking proposals of particular interest to Society members, including:

• Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies - See the Society’s June letter & Appendix to Chairman Atkins re: Suggestions on Modifying and Scaling the Disclosure Obligations of Small- and Mid-Cap Public Companies
• Rationalization of Disclosure Practices - This proposed rulemaking includes—among other topics— executive compensation disclosure. We plan to continue to engage with the SEC concerning the Society’s August comment letter on Executive Compensation Disclosure Requirements and would anticipate engaging with other topics that may arise under this rulemaking item.
• Shareholder Proposal Modernization - The Society will continue to build on its engagements with the SEC related to Rule 14a-8.

Notably, the SEC marked as completed/withdrawn on the Agenda (and not on the Long-Term Actions) items previously listed on the Fall 2024 Agenda:

• Corporate Board Diversity: The Division was considering recommending that the Commission propose rule amendments to enhance registrant disclosures about the diversity of board members and nominees. This item is being withdrawn from the Agenda.

• Conflict Minerals: The Division was considering recommending that the Commission update the Conflict Minerals Rule. This item is being withdrawn from the Agenda.

Chairman Atkins issued a brief statement on the Agenda noting that it covers “envisioned deregulatory proposals” and a “withdrawal of a host of items from the last Administration.”

One way Society Members can continue to engage on these listed SEC priorities is to attend upcoming meetings coordinated by the SLC with SEC staff. See prior Society report: “Register Now! SLC Fall Meetings with SEC Staff.”