SEC Unanimously Approves Executive Pay Reforms

Law360 (January 17, 2006, 12:00 AM EST) -- The U.S. Securities and Exchange Commission has unanimously approved sweeping reforms to the regulations governing executive compensation, in a move that the agency claims will give shareholders more information about the companies in which they invest.

The preliminary vote will be finalized by a second vote held after a 60-day period that allows for public commentary on the new regulations.

The new regulations focus on increased disclosure regarding several aspects of executive compensation, including pay for performance metrics, hidden rewards, retirement benefits and deferred compensation arrangements....
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