The SEC had an open meeting earlier today to discuss the compensation proposals made in January. The press release announcing passage of the proposals is here. The open meeting was held via webcast and you can listen to the meeting by clicking through the link provided by the SEC here. Tabled for now are the rules relating to disclosure of compensation for highly-compensated employees who are not executive officers.
Below are highlights of the meeting:
1. The SEC voted to adopt the proposals, with a few modifications based on the 20,000+ comments received.
-- Highlights include the new compensation disclosure and analysis section which will be filed and is therefore subject to the CEO and CFO certifications. Companies must disclose practices including any spring loading or use of strike prices other than FMV. Companies must discuss and analyze in CDA.
See full Article.
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