Perhaps portending the amount of paperwork companies will face to comply with its new rules, the Securities and Exchange Commission issued its final text on the disclosure of executive and director pay last week—all 436 pages of it.
Along with the text, the SEC called for comment a revised proposal to require that companies disclose the compensation of three other highly paid, non-executive employees. Comments on that controversial provision—commonly known as the “Katie Couric rule”—are due 45 days after publication in the Federal Register. The rest of the compensation rule will take effect 60 days after publication in the Federal Register.
