Corporate Directors Wary of SEC Audit Proposals | Accounting Today News

It would be nice, in stories like this, to see what a survey of investors have to say as their responses might differ. An overwhelming majority of corporate board directors oppose the Securities and Exchange Commission’s proposal to require mandatory disclosure of communications between audit committees and auditors, according to a new survey. The survey,…

The Outrageous Ascent of CEO Pay | Robert Reich

The share of corporate income devoted to compensating the five highest-paid executives of large corporations ballooned from an average of 5 percent in 1993 to more than 15 percent by 2005 (the latest data available). Corporations might otherwise have devoted this sizable sum to research and development, additional jobs, higher wages for average workers, or…

Why Putting a Number to C.E.O. Pay Might Bring Change – The New York Times

Because the rule will generate an easily graspable and often decidedly shocking number, it may energize a cadre of new combatants in the executive pay fight. And because these newcomers — company employees, state governments and possibly even consumers — will most likely be more vocal on the matter than institutional investors have been, the…

S.E.C. Approves Rule on C.E.O. Pay Ratio – The New York Times

After a long delay and plenty of pushback from corporate America, the Securities and Exchange Commission approved on Wednesday a rule that would require most public companies to regularly reveal the gap between the compensation of the chief executive and the pay of the rest of their employees. The rule, which stems from the 2010…