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SEC Expands Corporate Disclosure Compliance Requirements

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SEC press release 2006-123 Jul. 26, 2006: SEC Votes to Adopt Changes to Disclosure Requirements Concerning Executive Compensation and Related Matters

  • “The Securities and Exchange Commission today voted to adopt changes to the rules requiring disclosure of executive and director compensation, related person transactions, director independence and other corporate governance matters, and security ownership of officers and directors. These changes would affect disclosure in proxy statements, annual reports and registration statements, as well as the current reporting of compensation arrangements. The rules would require that most of this disclosure be provided in plain English.”
  • See also: Summary Compensation Table
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