SEC Proposes "Pay Ratio" Disclosure Rates


On September 18, 2013, the Securities and Exchange Commission (SEC) issued a new rule proposal that would, if approved, require each affected public company to disclose the ratio of the median total annual compensation among all its company employees to the total annual compensation of its principal executive officer (the "PEO," as defined in Item 402(a)(3) of Regulation S-K).

The SEC also proposed that affected companies must tally the annual compensation of disparate types of employees, including full-time, part-time, seasonal and non-U.S. employees, in determining the median compensation among all employees.

Please see full update below for more information.

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Topics:  CEOs, Disclosure Requirements, Executive Compensation, Pay Ratio, Regulation S-K, SEC

Published In: Business Organization Updates, General Business Updates, Labor & Employment Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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