Corporations should get ready to dish the details about their directors and officers in this year’s proxy statement; thanks to additional disclosures newly required by the Securities and Exchange Commission, it won’t be easy.
The new disclosures—of directors’ experience and qualifications, the board’s overall diversity, and more—are part of a sweeping new rule adopted by the SEC in December to provide investors with more useful information. So far the spotlight has been on the new disclosures about executive compensation and risk management, but experts warn that the “D&O” disclosures will require more attention as well.
“It seems like it should be easy, but given the sensitivity of the disclosure and the number of bases internally that have to be touched, companies should allow plenty of lead time to draft this disclosure,”... To get the full story, subscribe now.
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