Legal updates, new research, interesting ideas for students-- past and present-- of LER Prof. Michael H. LeRoy, University of Illinois at Urbana-Champaign. Welcome, also, to friends who are curious about employment and labor law.
Wednesday, August 5, 2015
CEO Pay Ratio Rule: Stunning New Regulation from Securities and Exchange Commission
Quoting from the main federal agency that regulates publically traded corporations and their shareholders: “Today, the Commission takes another step to fulfill its Congressional mandate to provide better disclosure for investors regarding executive compensation at public companies. As required by Section 953(b) of the Dodd-Frank Act,[1] today’s rules would require a public company to disclose the ratio of the total compensation of its chief executive officer (“CEO”) to the median total compensation received by the rest of its employees.[2] The hope, quite simply, is that this information will better equip shareholders to promote accountability for the executive compensation practices of the companies that they own.” See here: http://www.sec.gov/news/statement/statement-on-open-meeting-on-pay-ratio-aguilar.html .
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