Human Resources

SEC Working on Board Diversity Disclosure Proposal

Securities and Exchange Commission staff are working on a proposed rule that would require public companies to include in their proxy statement “meaningful disclosures” of the race, sex and ethnicity of their board members and board nominees, SEC Chairman Mary Jo White said in a speech yesterday.

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ABA Issues Free Staff Analysis of Overtime Rule

ABA has posted a members-0nly staff analysis of the Department of Labor’s final overtime rule, which changes the tests for determining which employees are exempt from overtime pay under the Fair Labor Standards Act. The analysis summarizes the rule changes, which take effect Dec. 1, and suggests next steps to help banks implement them. The overtime rule is also the topic ...

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ABA Calls for Congressional Action to Stall DOL Overtime Proposal

In a letter to ranking members of the Senate Committee on Small Business and Entrepreneurship yesterday, ABA urged lawmakers to support the Protecting Workplace Advancement and Opportunity Act, a bill that would nullify a proposed rule by the Department of Labor to dramatically increase the salary threshold for employees to be exempt from overtime.

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ABA Urges OMB to Make Changes to DoL’s Proposed Overtime Rule

ABA senior staff, together with incoming Texas Bankers Association President and CEO Jim Purcell, met with staff from the Office of Management and Budget and Department of Labor on Wednesday to reiterate strong concerns about the DoL’s proposed overtime rule, which raises the overtime pay exemption threshold from $23,660 to $50,440.

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