• Proposed Changes to Proxy Disclosure Regarding Executive Compensation and Corporate Governance
  • September 4, 2009 | Authors: Charmaine L. Slack; Manan Shah
  • Law Firm: Jones Day - New York Office
  • On July 10, 2009, one month following the statement issued by Chairman Mary Schapiro of the Securities and Exchange Commission (the "SEC" or the "Commission") that the Commission was considering enhanced compensation and other proxy statement disclosure requirements for all public companies, the SEC issued proposed amendments to its compensation and corporate governance disclosure rules. The proposed amendments are intended to enhance compensation and corporate governance disclosure by requiring "better or more timely disclosure--not simply additional disclosure." The Commission has indicated that the proposed enhanced disclosure amendments are, in part, to continue to "assist investors' ability to make more informed voting and investment decisions" by improving the presentation of information disclosed.