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Regulations Listing: Corporate Citizenship

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Obama administration increases transparency requirements for financial institutions

Following the release of the Panama Papers, which leaked millions of documents from a Panamanian law firm, the Obama administration is using the opportunity to step up regulations and reporting on corporate transparency, especially in relation to the use of shell corporations.

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SEC seeks public comment on its release on public company disclosure; includes possibility of mandated sustainability reporting

On April 13, 2016, the Securities and Exchange Commission issued a new Concept Release regarding public company disclosures through Regulation S-K. The public comment period will be open until July 21, 2016.

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Defend Trade Secrets Act protects intellectual property

After easily passing through Congress, the Defend Trade Secrets Act of 2016 was signed into law by President Obama on May 11.

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New EU customs code comes into force

The new Union Customs Code (UCC) (Regulation (EU) No 952/2013), passed back in 2013, took effect on May 1, 2016.

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The US Department of Commerce defines gig economy

The Department of Commerce has recently released a report that serves as an initial attempt to define and measure the rapidly growing 鈥渟haring鈥 economy. The report focuses on a very specific portion of the economy, which it calls 鈥渄igital matching firms.鈥

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French labor reform under the El Khomri Bill

To combat a stubbornly high unemployment rate, French President Francois Hollande and Prime Minister Manuel Valls are pushing forward with reforms to the country鈥檚 labor code, even invoking executive power to force the measures through the National Assembly, despite widespread anger and unrest among French citizens and labor unions.

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New UK Immigration Act updates provisions for illegal employment

A new government bill passed on May 12, 2016 increases the stakes for employees working illegally in the UK, and for the employers who hire them. The Immigration Act 2016 creates a new office for the Director of Labour Market Enforcement, who will be charged with centralizing and monitoring the enforcement of labor laws throughout all sectors of the economy.

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Anti-corruption reform in Mexico

Following stalled efforts by the Mexican federal government to implement anti-corruption reform, a group of experts and civil society organizations drafted the National Anti-Corruption System (NAS).

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Senate passes GMO labeling bill

Foods comprised of genetically modified organisms (GMOs) are estimated to be a billion dollar industry, but鈥攄espite their prevalence鈥攖here is still a lot of debate surrounding their use and regulation.

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President Obama signs Global Food Security Act into law

The Global Food Security Act of 2016 commits more than $7 billion to projects designed to boost agricultural productivity, economic activity, and food security, especially among women and children around the globe.

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Pay equity bill passed in Massachusetts

To reduce workplace compensation gender inequality, Massachusetts signed a new bill into law banning employers from asking for past salary information.

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UAE fundraising law

A new law, known as Decree No. (9) of 2015 (Dubai Fundraising Law), prohibits fundraising within the UAE without prior written approval from The Islamic Affairs and Charitable Activities Department (IACAD).

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