SEC weighs tougher disclosure rules on top officials'
Companies would have to disclose far more details about their executives' pay packages and perks under a proposal coming before the Securities and Exchange Commission.
The changes address a source of anger for shareholders and the public: lavish pay for executives, often not fully and clearly disclosed to investors, even as their companies stumble and lay off employees.
The five SEC commissioners are scheduled to vote at a public meeting Tuesday on the plan, which would make the biggest changes in rules governing disclosure of executive compensation since 1992. The proposal would be opened to a public comment period and could be formally adopted by the SEC sometime afterward -- possibly in time for the spring company proxy season next year.
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