Companies would have to disclose far more details about their executives' pay packages and perks under a proposal coming before the Securities and Exchange Commission. The changes address a source of shareholder and public anger: lavish pay for executives, often not fully and clearly disclosed to investors. The five SEC commissioners are scheduled to vote at a public meeting next Tuesday on the plan, which makes the biggest changes in rules governing disclosure of executive compensation since 1992.
January 12, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Companies would have to disclose far more details about their executives’ pay packages and perks under a proposal coming before the Securities and Exchange Commission.
The changes address a source of shareholder and public anger: lavish pay for executives, often not fully and clearly disclosed to investors, even as their companies stumble and lay off employees.
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