
The
Securities and Exchange Commission has this week adopted a
final rule that will require certain public companies to disclose the ratio of the compensation of their chief executive officer to the median compensation of their employees: see
here (
pdf). The SEC was required to adopt such a rule in order to implement
section 953(b) of the
Dodd-Frank Wall Street Reform and Consumer Protection Act.
A short fact sheet explaining the new rule is available
here. An update on the SEC's progress in implementing the mandatory rule making provisions of the Dodd-Frank Act can be found
here.
No comments:
Post a Comment