SEC Commissioner Urges Submittal of Additional Comments on Pay Ratio Rule

By Randi Morrison posted 07-01-2017 09:27 AM

Recommend

In this new post, Dorsey Partner, Society member and National Conference attendee Cam Hoang discusses SEC Commissioner Piwowar's remarks about the disposition of and prospects for the CEO Pay Ratio rule shared during his Opening Address on Thursday, wherein Piwowar emphasized the importance of public (and specifically, issuer) input - notwithstanding the fact that the most recent comment period closed in March (which we reported on here).

Here is an excerpt:

"Commissioner Piwowar expressed his support for repealing the rule, which would require Congressional action. In terms of delaying effectiveness of the rule, he stated that public commentary would determine whether that alternative is feasible in light of the associated costs and benefits of implementing the rule. Though the latest comment period on the rule has ended, he urged interested parties to continue to submit comment letters describing specific reasons why the rule is burdensome, as well as proposed fixes. During the latest comment period, the SEC received approximately 180 unique comments, with 150 of those comments in favor of the rule."

Given the uncertainties, the firm advises companies to continue preparations for compliance.

See our most recent reports on the Pay Ratio rule here, and practical guidance and numerous additional resources on our Pay Ratio topical page.

0 comments

360 views

Permalink

https://www.societycorpgov.org/blogs/randi-morrison/2017/07/01/sec-commissioner-urges-submittal-of-additional-comments-on-pay-ratio-rule

Blogs