When the Securities and Exchange Commission recently settled charges against Tyson Foods and its former chairman and CEO Donald Tyson—stemming from $3 million in perquisites and personal benefits paid out to Tyson and other family members—it marked the second case related to how companies dole out perks, and how they disclose them to investors.
The Tyson settlement also sent a message that companies must do a better job of disclosing this sort of information. “The Commission is concerned about the issue of executive compensation and adequate disclosure,” Paul Berger, associate director of the SEC’s Division of Enforcement, told Compliance Week.
