Executive Compensation Disclosure: Observations on the 2009 Proxy Season and Expectations for 2010


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Published in Securities and Exchange Commission November 9, 2009 by Shelley Parratt

Thank you, Jesse, for that kind introduction, and good morning. I’m very glad to be here with you today to share my thoughts on the current state of executive compensation disclosure under the Commission’s rules and to talk about what we expect to see in the 2010 proxy season.
First, though, I need to remind you that the views I express today are my own, and do not necessarily represent the views of the Commission or other members of the staff.
Over the last several years, executive compensation has been subject to much debate. It seems that people from Main Street to Wall Street — and everywhere in between — have an intense interest in the topic. And with the ongoing challenges in the economy, there seems to be even more focus on executive compensation and its link to corporate accountability. Nearly every day there is a headline claiming that under-performing companies are overpaying their executives.

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