Securities
Oct. 30, 2013
Takeaways from SEC's proposed pay-ratio disclosure rules
The SEC has requested comments on the proposed rules by Dec. 2 and is likely to adopt its final rules in 2014. By James D. C. Barrall
Section 953(b) of the Dodd Frank Act, enacted in July 2010, mandates that the Securities and Exchange Commission promulgate rules requiring U.S. public companies to disclose the ratio of the total compensation of the their median-compensated employee to that of their CEO. On Sept. 18, the SEC met and by a 3-to-2 vote issued 162 pages of proposed rules and commentary on the CEO pay-ratio disclosure requirement. The SEC has requested comments ...
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