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SEC proposes changes to some proxy disclosure rules

sec-logoThe Securities and Exchange Commission said today it has proposed revisions to some of its rules related to proxy disclosures that the Commission says would include information about:

  • The relationship of a company’s overall compensation policies to risk.
  • The qualifications of directors, executive officers and nominees.
  • Company leadership structure.
  • Potential conflicts of interests of compensation consultants.

The proposals are also intended to improve the reporting of annual stock and option awards to company executives and directors as well as to require quicker reporting of election results. The Commission also proposed amendments to the proxy rules intended to clarify how they operate.

The SEC is seeking public comment about the rule amendments, which have yet to be posted on its Web site, but which it says will be posted “as soon as possible.”

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