Headquarters of the U.S. Securities and Exchange Commission in Washington, D.C. Photo: Diego M. Radzinschi/ALM SEC Adopts Pay Versus Performance Disclosure Requirements
According to the SEC, the rules are intended to provide investors with more transparent, readily comparable, and understandable disclosure of a company's executive compensation so that investors may better assess a company's executive compensation program when making voting decisions.
November 17, 2022 at 10:00 AM
6 minute read
On Aug. 25, the U.S. Securities and Exchange Commission (SEC) adopted pay versus performance disclosure rules that will require public companies to provide extensive information that is intended to demonstrate the relationship between the executive compensation that is actually paid by a company and the company's overall financial performance. The adoption comes 12 years after Congress directed the SEC to implement pay versus performance disclosure rules pursuant to §953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. According to the SEC, the rules are intended to provide investors with more transparent, readily comparable, and understandable disclosure of a company's executive compensation so that investors may better assess a company's executive compensation program when making voting decisions.
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