The Securities and Exchange Commission this week is taking the first step toward new rules to overhaul the disclosures companies must make about what they pay their top executives and directors.
The SEC will meet to today to propose amendments to the disclosure requirements for executive and director compensation, related party transactions, director independence and other corporate governance matters, and securities ownership of officers and directors. The Commission will also consider whether to propose amendments to require most of the disclosures in proxy and information statements to be provided in plain English.
