On Sept. 18, the SEC at long last proposed an “amendment” to Regulation SK to institute pay ratio disclosures mandated in Section 953(b) of the Dodd-Frank Act. A 60-day public comment period expires in November.
As King Solomon tried to do justice between two harlots claiming the baby, the SEC took its statutory requirement and cut its impact in half. No constituency will be happy — perhaps because the SEC started with a particularly ugly baby.
Originally published in New England In-House on October 18, 2013.
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