Congress has thrown its weight behind the already strong regulatory push to improve the transparency of executive pay. But with the 2006 proxy season fast approaching, companies are still waiting to see what, if any, changes will take effect in the coming months.
As public companies await rulemaking from the Securities and Exchange Commission that is expected to expand the disclosure of executive compensation, Congress put its own pressure on companies to improve their disclosure of executive pay with the introduction this month of legislation seeking increased disclosure of executive compensation.
