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The SEC Disclosure Rules: Time to Prepare
The SEC’s just finalized rules on executive compensation will dramatically revamp the information that public companies must report in their proxy disclosures. These are the most comprehensive changes in the disclosure rules since 1992 and are effective for 2007 proxy filings.
To provide guidance on how employers can prepare to comply with the rules, Watson Wyatt hosted a web conference on August 21. Ira Kay, Watson Wyatt’s compensation practice director and a nationally recognized expert, led the discussion.
The web conference featured an overview of the changes and an in-depth discussion of their impact on employers, compensation committees and compensation programs in general. Specifically, we addressed many questions of interest to HR and finance executives as well as compensation committee members:
- What new information will we have to prepare and disclose?
- What internal processes do we need to establish in order to comply?
- What impact are the rules likely to have on popular executive compensation and benefits programs as well as compensation committee governance?
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