SEC Proposes New Pay-Versus-Performance Disclosure Rules
On April 29, 2015, the Securities and Exchange Commission proposed new rules that would require reporting companies to disclose the relationship between compensation “actually paid” to certain executives and the financial performance of the company. The rationale behind these proposed rules is to provide greater transparency so that shareholders are better informed in electing directors and submitting advisory votes related to executive compensation. The proposed rules were promulgated under the requirements of Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Read the Client Alert here.
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This Client Alert has been prepared by Tucker Ellis LLP for the use of our clients. Although prepared by professionals, it should not be used as a substitute for legal counseling in specific situations. Readers should not act upon the information contained herein without professional guidance.