Legal researcher says SEC’s proposal attracted a record-level of responses

In an article for the Harvard Law School Forum on Corporate Governance, Lawrence A. Cunningham , a professor at George Washington University argues that the Security and Exchange Commission’s (SEC’s) climate proposals attracted a record number of responses during the comment period. Cunningham finds that the SEC has disclosed roughly 14k letters it had received. There is also a diversity in authorship of the responses which includes institutional investors, public companies, trade associations, activists, elected officials and international organisations among others. Cunningham writes, “To me, it affirms that this is a major question of public policy, not a discrete topic of investor protection. An effort like this requires much more leadership than a handful of Commissioners and a Staff expert in securities regulation”.