The Securities and Exchange Commission is set to propose next week new rules aimed at making executive compensation more transparent to investors, the New York Times reports.
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Get Your Report Now!The agency is considering a requirement for companies to disclose in statistical tables the total compensation paid to the five highest officers, including retirement plans and the value of stock options for those executives, the newspaper reports. The agency is also mulling a lower threshold for reporting executive perks.
"The marketplace for executive compensation has proceeded apace in the intervening decade and a half and the results have been an increasing amount of executive compensation that is escaping disclosure," Christopher Cox, the new head of the Securities and Exchange Commission, told the newspaper and other media outlets.
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