Next generation “SaaS” Securities and Exchange Commission (SEC) regulatory disclosure service iCrowdNewswire has launched an…
Supporters of a rule that would require public companies to disclose the ratio between executive and median employee pay say the SEC© should move soon to enact the regulation.
Under Dodd-Frank law, publicly traded companies have to disclose the ratio of executive pay to that of media employees. The disclosure must come at annual shareholder meetings. The SEC© is responsible for implementing the requirement.
In September 2013, commissioners voted 3-2 to propose creating the rule. Testifying before the Senate Banking Committee in September 2014, SEC© Chairwoman Mary Jo White said the commission hoped to finish the rule by the end of the year.
The commission hasn’t yet set a to vote on the proposal. A source familiar with the matter said scheduling is at White’s discretion.
An SEC© spokesman declined to comment Friday.
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