No one is likely to accuse the Securities and Exchange Commission of acting hastily in 2014. Nearly four years after passage of the Dodd-Frank Act, little more than half of its required rulemakings are final. The Commission’s regulatory agenda for the coming year is mostly a backlog of lingering proposals.
2015 should prove to a busy year for compensation consultants as the SEC, after numerous delays, is finally poised to issue final rules pertaining to clawbacks, pay versus performance, and above all, a pay-ratio rule. In recent comments, SEC Chairman Mary Jo White has reiterated that the Commission is now focused on rulemaking pertaining to executive compensation. Although those rules were intended to go public in 2014, they have been pushed into latter 2015.
