US companies would have to disclose relationship between executive pay, corporate financial performance under SEC proposal

Summary

MLex Summary: The US Securities and Exchange Commission re-opened public comments for an uncompleted Obama-era proposal requiring companies to disclose the relationship between their executives' compensation and the corporations' financial performance. The latest proposal, required by the 2010 Dodd-Frank Act, makes changes to the 2015 plan to reflect changes in executive pay practices and seeks input on whether additional performance metrics would better reflect the intent of the law