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The reform will likely include mandating earlier and electronic disclosure of proxy materials, improved compensation disclosure, and allowing companies to indemnify (or compensate) directors in case of shareholder directive lawsuit.
Reduced Compensation Disclosure for "Smaller Reporting Companies".
First, compensation disclosure has been mandated in some form for decades.
— David Kociuruba Go to Comments on S.E.C.'s Compensation Disclosure Rule ».
Compensation disclosure rules, mandated by the Securities and Exchange Commission, have not changed since 1993.
Insufficient executive compensation disclosure by externally managed issuers is a new basis for a negative say-on-pay recommendation.
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Do Compensation Disclosures Matter for Say-on-Pay Voting?
Executives' compensation disclosures are made in appropriate Securities and Exchange Commission filings". Lilco declined to comment further.
Compensation disclosures so far suggest continued increases in CEO pay across all market segments and almost all industries.
In view of these considerations, companies should assess their compensation disclosures, with particular focus on the Compensation Discussion & Analysis.
Executive compensation and directors compensation decisions should be made, and compensation disclosures should be prepared, with care, especially for companies that anticipate resistance to any aspects of their compensation programs.
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