Summary
WASHINGTON -- Federal securities regulators moved Tuesday to require companies to provide far greater detail about their executives' pay packages and perks in an effort to bring more transparency to an area that has provoked investor and public anger.
The five members of the Securities and Exchange Commission voted unanimously at a public meeting to propose the plan, which would make the biggest changes in rules governing disclosure of executives' compensation since 1992. The proposal will be opened to a 60-day public comment period and could be formally adopted by the SEC sometime afterward, possibly in time to take effect for the spring annual-meeting season next year.See the full content of this document
Extract
Sec Proposes Exec Pay Receive Greater Scrutiny
Companies for the first time would be required to furnish tables in annual filings showing the total yearly compensation...
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