HRPA to Offer Employer Views at SEC Roundtable (1)

The Securities and Exchange Commission (SEC)  has announced a roundtable to discuss ways to simplify and refocus executive compensation disclosures, providing a major opportunity for the business community to make meaningful and lasting change. The public, live-streamed roundtable will take place June 26 from 1-5 pm ET.  

Center On Executive Compensation to participate: Ani Huang, Center On Executive Compensation CEO, will participate in the discussion, which will bring together voices from public companies, investors, and industry experts. 

• Ani will share employer perspectives on several key issues, including ways to reduce information overload by reframing disclosures, ensuring information is meaningful by eliminating unnecessary details, streamlining the CD&A and compensation tables, and easing the burden of Dodd-Frank requirements such as Pay vs. Performance.

SEC Chair Atkins issued a statement on the upcoming executive compensation roundtable where he suggested areas of disclosure that could be cut and asked for stakeholder input:  

• How can disclosure rules be revised to better inform investors about the comp committee’s decision-making process – without going into excessive detail? 

• How are current disclosures working, including Dodd-Frank requirements on pay versus performance and clawbacks? What can be streamlined or eliminated? 

• What changes should be made to perquisite rules? 

Your input is needed: Be on the lookout for a member-wide survey requesting your sentiments on these topics. Your feedback will help shape the Association’s comments to the SEC about optimizing disclosure rules.