• SEC Proposed Rules Regarding Proxy Statement Disclosure
  • March 23, 2006 | Author: Gloria W. Nusbacher
  • Law Firm: Hughes Hubbard & Reed LLP - New York Office
  • This Advisory highlights the key aspects of the disclosure rules proposed by the SEC in January. The proposals primarily affect proxy statement disclosure of executive and director compensation and transactions with the issuer, as well as requiring additional disclosure regarding director independence and compensation committee procedures. The proposals also revise the Form 8-K disclosure requirements affecting executive compensation. In addition, most of the new proxy statement disclosure would be required to be provided under the principles of "plain English" -- short sentences, everyday words, and frequent use of tables, bullet points, and other graphic elements.