The US Securities and Stock Exchange Committee will hold next month to discuss the rules for detecting executive compensation, whose president, Paul Atkins, said “is increasing and long.”
Atkins said in astatementFriday, whenSEC announcedThe round table on June 26.
Industry groups strongly criticized the agency under the previous administration to avoid informal industry inputs before launching ambitious rules. Round table materials and other listening sessions returned to President Donald Trump, as the Securities and Stock Exchange have already hosted many digital assets.
A few days after his job, Atkins told the correspondents that he had a list of political goals “as long as my arms.” Now the new chair reveals some of its list steadily – including reconsiderationThe base of detection of executive compensationIt was placed in 1992.
Atkins said in the statement: “It is important for the committee to participate in reviews retroactively for its rules to ensure that it is still costly effective and leads to the disclosure of material information without an extra load of illegal information,” Atkins said in the statement.
secondPublic companies requireTo reveal annually information about the amount and type of compensation for the chief executive officials, financial managers and the three most rooted officials. Public companies also have to reveal how such decisions are made and the amount associated with companies’ performance.
In line with Trump’s promises to organize more flexible, the Securities and Stock Exchange Committee plans to demand employees and the public to consider issues such as the level of details related to executive compensation that are materials for investors and any rules are the most difficult to comply, according to Atkins.
The organizational round table is primarily an advisory process. But they provide an opportunity for organizers, industry representatives and other stakeholders to make notes on compliance, costs, benefits and other monuments.
This, in turn, can reach future rules or future agency instructions.
This story was originally shown on Fortune.com
