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July 18, 2013

SEC Said Near Proposal on Disclosure of CEO-to-Worker Pay Ratios

Public companies would be required to disclose how much more their chief executives are paid than rank-and-file workers under a rule to be proposed next month by U.S. securities regulators, according to two people familiar with the matter.

The Securities and Exchange Commission proposal, part of the 2010 Dodd-Frank overhaul of financial markets, would require companies to calculate and disclose their CEO’s compensation as a multiple of average worker pay, said the people, who spoke on condition of anonymity because the commission’s agenda has not been made public.

Groups representing corporations oppose the law’s pay-ratio mandate, saying the information will be difficult to compile and isn’t material to investors. Supporters say the data would help investors monitor CEO pay and employee morale.

The SEC could vote to introduce the regulation as soon as Aug. 21, said one of the people. If the proposal is approved, the vote would open a lengthy public-comment period before the commission would vote on a final version.”

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Read full Bloomberg article here

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