A new function on the Securities and Exchange Commission’s Web site will allow investors to compare what 500 of the largest U.S. companies pay their top executives.
The Executive Compensation Reader, launched Dec. 21, is intended to build on the SEC’s 2006 pay disclosure rules, the agency said in a press release on the day of the launch.
“Through its new [disclosure] rules and the power of interactive data, the SEC has transformed the landscape of compensation disclosure,” SEC Chairman Christopher Cox said in the press release.
The initiative is part of a larger move by Cox to encourage the use of “XBRL” business reporting computer language on the SEC Web site.
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