- SEC Revisits Pay-Ratio and Conflict Minerals Reporting
- March 27, 2017
- Law Firm: Greenberg Traurig LLP - New York Office
Last week, the acting chair of the SEC, Michael Piwowar, reopened for public comment the Dodd-Frank pay-ratio rule, which mandates that companies disclose median worker pay and compare it with CEO compensation. The order comes only one week after Piwowar directed the SEC staff to reconsider its conflict minerals rule, which requires companies to report their use of minerals from certain war-torn regions.
Despite these orders, the SEC currently has not adopted any changes or new guidance with regard to these rules. As such, companies should still be preparing to make pay-ratio disclosures in 2018 (based on this year’s pay), and if applicable, continue to comply with their current conflict minerals obligations.
President Trump’s pick to chair the SEC, Jay Clayton, is still awaiting confirmation.
Pay Ratio: https://www.sec.gov/news/statement/reconsideration-of-pay-ratio-rule-implementation.html
Conflict Minerals: https://www.sec.gov/news/statement/reconsideration-of-conflict-minerals-rule-implementation.html