The Securities and Exchange Commission will act quickly to revise corporate risk disclosure requirements and also consider more sweeping recommendations on executive compensation disclosures and easy-to-read corporate filings, SEC Chairman Mary Schapiro said Friday.

In the text of prepared remarks, Schapiro said SEC staffers are now re-evaluating all corporate filing forms and disclosure requirements, asking whether the information that is being sought is "still relevant."

"After this review, I expect the staff will present individual recommendations that we can act on quickly, such as revising the risk disclosure requirements," Schapiro said in the text of her speech to the Society of Corporate Secretaries and Governance Professionals.

SEC staff "also will likely present more sweeping recommendations that will take more time, such as possibly changing filing formats so that basic information can be more easily digested by investors and updated by companies," Schapiro said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.