Iowa Ledger (2023) - Tippie College of Business
Iowa Ledger is an annual publication for alumni and friends of the Department of Accounting, Tippie College of Business, University of Iowa.
Iowa Ledger is an annual publication for alumni and friends of the Department of Accounting, Tippie College of Business, University of Iowa.
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“ESG DISCLOSURES WILL CHANGE<br />
HOW WE INTERACT WITH REGULATORS,<br />
INVESTORS, CORPORATIONS, MANAGERS,<br />
AND HOW WE EDUCATE OUR STUDENTS.<br />
THIS IS OUR HUNDRED-FOOT WAVE.”<br />
—MAUREEN M C NICHOLS<br />
Pr<strong>of</strong>essor <strong>of</strong> Accounting, Stanford Graduate School <strong>of</strong> <strong>Business</strong><br />
Sullivan Scholar Maureen McNichols Sees<br />
Opportunity in Sustainability Reporting<br />
Off the coast <strong>of</strong> Nazaré, Portugal, there is an underwater canyon<br />
that creates some <strong>of</strong> the highest waves in the world—and a huge<br />
challenge for surfers.<br />
In her public lecture, the 2022 Sullivan Scholar in Residence, Stanford’s<br />
Maureen McNichols, compared the Securities and Exchange Commission’s<br />
(SEC) proposed mandatory environmental, social, and corporate<br />
governance (ESG) impact disclosures to the towering waves in Nazaré.<br />
The disclosures, which are already mandatory in some states and in the<br />
European Union, will shed light on corporations’ ESG activities and provide<br />
transparency to investors, said McNichols. The new rules will also present<br />
a huge challenge for companies, financial reporting pr<strong>of</strong>essionals, and<br />
academics for decades to come.<br />
8 IOWA LEDGER <strong>2023</strong>
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