Outgoing SEC Chair Wants Globally Accepted Standards
Stepping down at the end of the Obama administration, outgoing Securities and Exchange Commission (“SEC”) Chair Mary Jo White has issued a public statement asking the agency to continue its pursuit of high-quality, globally accepted accounting standards. White, who announced her resignation in November, urged incoming SEC Chair Jay Clayton and other commissioners to make the issue a priority and reach an agreement on the best path forward. White believes globally accepted standards will protect U.S. investors and companies, and strengthen the country’s markets. To read Chair White’s full statement, visit SEC.gov.