Corporate secretaries, compliance officers, and other governance executives have a new item to put on their summer reading list: The Securities and Exchange Commission’s proposals for extensive new corporate disclosure.
The SEC unveiled a flurry of ideas on July 1, covering everything from more detail about executive compensation and risk management to faster reporting of results from shareholder meetings. The full texts of the proposals were published on the agency’s Website on July 10, and portend a significant increase in paperwork companies will confront, probably starting in the 2010 proxy season.
The plans call for disclosure of how a company’s compensation policies ...