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Article: Noted and Noteworthy.(new rules for executives' pay and perks)(Brief Article)
- Article from:
- US Banker
- Article date:
- March 1, 2006
CopyrightCOPYRIGHT 2006 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Securities and Exchange Commission is backing sweeping new rules to increase disclosure to stockholders on executives' pay and perks. SEC chairman Chris Cox said the rules would give investors more and better information about the companies they own, but emphasized that pay should be determined by boards-not government. The SEC votes for a final time following a 60-day public comment period that ends in March. Under the proposal, public firms would be required to present a table showing pay and forms of compensation.
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