The SEC will hold a roundtable next month to discuss executive compensation disclosure rules, which President Paul Atkins said has become “increasingly complex and lengthy.”
“It is unclear whether the added complexity and length provide investors with additional information that is important to their investments and voting decisions,” Atkins said in a statement Friday.
Industry groups severely criticized the agency for avoiding informal industry opinions under previous government leadership before launching ambitious rulemaking. President Donald Trump is back for the roundtable and other listening sessions under Donald Trump, and the SEC has chaired several digital assets.
Just a few days after working, Atkins told reporters that he “just my arm, he has a range of policy goals. Now, the new chairman is steadily announcing some of his list, including a re-examination of the executive compensation disclosure rules set out in 1992.
“It is important for the Commission to conduct a retrospective review of its rules to ensure that they continue to be cost-effective and lead to the disclosure of material information without exceeding intangible information,” Atkins said in a statement.
The SEC requires listed companies to disclose annual information about the amount and type of compensation for CEOs, Chief Financial Officers and three highly paid executives. Public companies must also reveal how they make such decisions and the salary associated with company performance.
According to the Atkins statement, the SEC plan is in line with Trump’s commitment to loose regulations, which requires employees and the public to consider details related to executive compensation, which are the most difficult questions about investors’ materials and which rules are the hardest to follow.
The regulatory roundtable is mainly a consulting process. However, they do provide opportunities for regulators, industry representatives and other stakeholders to feedback on compliance, costs, benefits and other impacts.
This, in turn, can often provide information for future rules or proxy guidance.
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