SEC Proposes Rules for Pay Ratio Disclosure

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On September 18, the SEC voted 3-2 to propose a new rule requiring public companies to disclose the compensation ratio of CEO to the median compensation of its employees, as required by the Dodd-Frank Act. Under the proposal, companies would have the flexibility to determine the median annual total compensation of its employees in a way that best suits their circumstances. The proposal will be subject to a 60-day public comment period once it is published in the Federal Register. Press Release. Proposal.

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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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