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SEC acting chairman requests feedback on implementation of pay ratio disclosure rule

  • SEC (US Securities and Exchange Commission) Image

Feb 07, 2017

Michael Piwowar, the SEC’s acting chairman, has requested public input on implementation issues associated with the SEC’s final rule, “Pay Ratio Disclosure.”

The final rule requires registrants — except foreign private issuers, registered investment companies, and emerging growth companies — to clearly disclose the relationship between executive compensation actually paid and the financial performance of the registrant in proxy or information statements in which executive compensation disclosures are required. Mr. Piwowar noted that since compliance with the rule became effective for fiscal years beginning on or after January 1, 2017, some issuers have “begun to encounter unanticipated compliance difficulties that may hinder them in meeting the reporting deadline.”

Comments should be submitted within the next 45 days. For more information, see the press release on the SEC’s Web site.

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