
SEC Proposes Executive and Director Compensation Disclosure Reforms
The Securities and Exchange Commission on Nov. 13 proposed amendments to make executive and director pay disclosures under Item 402 of Regulation S-K more principles-based and focused on material information. The agency said the changes, the first comprehensive rewrite of those rules since 2006, are meant to help investors follow equity awards through their lifecycle and to cut compliance burdens that do not clearly benefit investors. Chairman Atkins tied the proposal to a broader push to root public-company disclosure in materiality.
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