Posts Tagged ‘SEC disclosure requirements’
The Securities and Exchange Commission will be on the lookout for clear analysis from companies in this year’s proxy statements about how their board directors and senior executives are compensated, including the use of performance targets, a senior SEC staffer said Friday.
A number of rule revisions by the SEC will require public companies and management investment companies to make new or enhanced disclosures in their proxy statements and other public filings beginning in 2010. The most significant of these changes, Proxy Disclosure Enhancements (Releases Nos. 33-9089, 34-61175, IC-29092 (Dec. 16, 2009), was adopted by a 4-1 vote of the SEC on December 16, 2009, and amends Regulation S-K, Item 401 (Directors, Executive Officers, Promoters and Control Persons), Item 402 (Executive Compensation) and Item 407 (Corporate Governance) effective as of February 28, 2010 (the “Disclosure Enhancements”).
Is it possible that shareholders will finally get a reliable view of what the bosses are getting paid? And that it will come this spring?
The answer is yes, Floyd Norris writes in his latest High and Low Finance column in The New York Times