A coalition that includes some of the largest U.S. pension funds want federal regulators to force big banks and other public companies to disclose details on how they manage, compensate and incentivize their employees.

In a rulemaking petition seen by Reuters, a coalition of 25 institutional investors including the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS) has called on the U.S. Securities and Exchange Commission to craft regulations requiring public companies to provide details they see as material to investors.

These would include details about worker demographics, skillsets, safety, productivity, human rights, compensation and incentives, the petition shows.

Under current rules, companies are only required to provide investors with an employee headcount.

“The way you structure and pay a sales force … can definitely affect the business performance,” said Meredith Miller, the chief corporate governance officer with UAW Retiree Medical Benefits Trust, a leading coalition member.

“Effective management of human capital can really boost the bottom line for a company, and at the same time, poor management of workforce issues like training and development, or health and safety or diversity, can create liability.”

Read full content here: Reuters