The U.S. Securities and Exchange Commission adopted this month long-debated pay ratio disclosure rules, which Congress had included as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The new rules go into effect Oct. 19, but companies won’t have to comply with them until Jan. 1, 2017. At that point, the new rules will require public companies to disclose the CEO’s annual compensation, the company’s employees’ median compensation, and a ratio comparing the two. Texas Lawyer asked three Texas lawyers who advise the O&G industry to respond to questions about the SEC’s new rules.
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