SEC Commissioner Says Investors Deserve More Exec Pay Info

Law360, New York (February 21, 2013, 12:43 PM EST) -- A top U.S. Securities and Exchange Commission official said Wednesday that companies should give shareholders more information on executive compensation during the upcoming proxy season, but stopped short of calling for a mandatory agency rule.

During proxy season, when public companies hold annual shareholder meetings, investors should receive information about the pay disparity between executives and average workers, as well as the relationship between executive compensation and a company’s long-term performance, Democratic SEC Commissioner Luis Aguilar said in a statement.

The sweeping 2010 Dodd-Frank Act required...
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