SEC Announces Executive Compensation Roundtable
The SEC just announced a much-awaited roundtable to discuss ways to simplify and de-regulate executive compensation disclosures. This is a major opportunity for the business community to make meaningful and lasting change.
Mark your calendars: The public, live-streamed roundtable will take place June 26, bringing together voices from public companies, investors, and industry experts.
Chair Atkins issued a statement suggesting areas of disclosure that could be cut and asking for stakeholder input:
How can disclosure rules be revised to better inform investors about the comp committee’s decision-making process – without going into excessive detail?
How are current disclosures working, including Dodd-Frank requirements on pay versus performance and clawbacks? What can be streamlined or eliminated?
What changes should be made to perquisite rules?
The Center was fully engaged in the development of the questions and continues to work closely with the SEC on how disclosure rules can be optimized. We will be in touch with members shortly with plans for a Center Working Group on further engagement and advocacy in this area – so watch this space!
Megan Wolf
Director, Practice, HR Policy Association and Center On Executive Compensation
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