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Survey: Boards Hate Pay Ratio Rule, Cool With Clawbacks

Joe Mont | October 16, 2015

Not surprisingly, most directors remain unconvinced that the pay ratio disclosure rule enacted by the Securities and Exchange Commission is worth the paper it is printed on. They are sold, however, on the merits of another recent rule requiring businesses to recoup senior executives incentive pay when material errors result in a financial restatement.

Those were among the insights gleaned from a new survey by professional services firm BDO USA that polled 150 corporate directors of public company boards regarding financial reporting, executive compensation, and other governance issues. 

Beginning with 2018 proxies, public companies will be required to disclose the ratio of median employee pay to CEO compensation. When asked if their boards had begun to...

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