Horwich Quoted on CEO Health Disclosures Requirements

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Horwich Quoted on CEO Health Disclosures Requirements

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Partner Allan Horwich was quoted on an issue stemming from the sudden death of late CSX Corp. chief executive officer, Hunter Harrison, about how much information companies need to disclose to shareholders regarding their executives’ health.

Allan noted that the U.S. Securities and Exchange Commission does not require companies to disclose health issues in the same way it requires disclosures concerning compensation and stock transactions.

“An issue arises, in my judgment, if the company said something that directly or impliedly vouched for somebody’s good health while knowing at the time that person was not in good health.”

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