• SEC Votes to Propose Changes to Disclosure Rules for Executive Compensation and Related Matters
  • February 8, 2006
  • Law Firm: Proskauer Rose LLP - New York Office
  • On January 17, 2006, the SEC voted to publish for comment proposed amendments to disclosure requirements for executive compensation, related party transactions, director compensation and independence, other corporate governance matters, and security ownership of officers and directors. The proposals would address disclosure in proxy statements, annual reports and registration statements. In addition, the proposals would require that the proposed disclosure be provided in plain English. The proposals would also modify current Form 8-K reporting requirements regarding compensation arrangements.