1. Top Wall Street Firms Have Started Disclosing a New Risk to Their Own Businesses: Sexual Harassment

    Top Wall Street Firms Have Started Disclosing a New Risk to Their Own Businesses: Sexual Harassment
    • Financial firms like JPMorgan Chase, Aflac, KKR, Blackstone, and Och-Ziff Capital all added #MeToo language to their most recent annual reports, warning investors about potential company harm from harassment.
    • Before 2018, the word "sexual" had only been mentioned once in the risk section a publicly traded financial company's annual report. So far in 2019, it has been in nine different financial companies' public filings...
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    1. We have seen #MeToo push out quite a few executives since the wave started so we are not surprised to see language around the topic make its way in SEC filings.
    2. Companies adopted internal accounting controls to prevent these type of accounting practices to happen again, while also listing out in their public filings that this is a risk.
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