The SEC's Latest Stab At Disclosure Rules

Law360, New York (July 8, 2009, 12:00 AM EDT) -- On July 1, 2009, the U.S. Securities and Exchange Commission unanimously approved proposed changes to the proxy rules designed to enhance disclosure of:

- the relationship of the company’s overall compensation policies to risk;

- the qualifications of directors, director nominees and executive officers;

- the company’s leadership structure; and

- the role and potential conflicts of compensation consultants.

The SEC also proposed accelerating the reporting of results of shareholder votes by requiring such disclosures under a new Form 8-K item.[1]

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