Anticipating New Exec Compensation, Disclosure Rules

Law360, New York (October 6, 2009, 2:14 PM EDT) -- The U.S. Securities and Exchange Commission has issued a set of proposals to improve proxy statement disclosure of important matters relating to executive compensation and corporate governance.

The proposals would require companies to report additional information about the relationship between compensation incentives and corporate risk, the qualifications of their directors, a justification of their board leadership structure and their relationships with compensation consultants. If adopted, the proposed rules will be effective for the 2010 proxy season.

Companies should begin to assess current compensation and governance practices...
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