The Securities and Exchange Commission (SEC) announced the reopening of the public comment period for the rule proposal on Pay Versus Performance. The proposal was officially published in the Federal Register with a public comment period close date of March 4, 2022.
If finalized as proposed, the rule would amend the current executive compensation disclosure rule to require a description of how executive compensation actually paid by a registrant related to the financial performance of that company. The proposal would require tabular disclosures of compensation paid and total shareholder return for the organization as well as a peer group. The proposal would require disclosures to be prepared in Inline XBRL.
Read the proposal.
Read SEC announcements and statements:
Press release: https://www.sec.gov/news/press-release/2022-11
Commissioner Caroline Crenshaw: https://www.sec.gov/news/statement/crenshaw-statement-pvp-012722?utm_medium=email&utm_source=govdelivery
Commissioner Hester Pierce: https://www.sec.gov/news/statement/peirce-dissent-pvp-20220127?utm_medium=email&utm_source=govdelivery
Commissioner Allison Herren Lee: https://www.sec.gov/news/statement/lee-statement-pvp-012722?utm_medium=email&utm_source=govdelivery
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