SEC to Waive Disclosure Demands for Foreign Companies

Law360, New York (January 24, 2006, 12:00 AM EST) -- Torn between restoring investor confidence and enticing foreign companies to join the U.S. capital markets system, the Securities and Exchange Commission is considering a pay disclosure break for foreign businesses.

The proposal would exempt foreign firms with U.S. listings from providing a detailed breakdown of each officer’s pay, but it would still require them to report total annual executive compensation.

This comes on the heels of the top regulator’s pitch just last week that U.S. companies disclose annual compensation for the CEO, the CFO, the next...
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