Anne Krauskopf News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Statement On Final Rules Regarding Beneficial Ownership, SEC Chair Gary Gensler, Oct 10, 2023
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MIL-OSI USA: Statement on Final Rules Regarding Clawbacks of Erroneously Awarded Compensation
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MIL-OSI USA: Statement on Final Rule Regarding Pay Versus Performance
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<p><span>Today, the Commission voted to adopt a rule requiring certain public companies to disclose information regarding their executives’ compensation and how such compensation relates to the company’s financial performance. I was pleased to support this rule—so-called “pay versus performance”—because it will strengthen the transparency and quality of executive compensation disclosure to investors.</span></p>
<p><span>Today, the Commission proposed to shorten the deadlines by which beneficial owners of a company — those who own at least 5 percent of the company — have to inform the public and other investors of their position. I am pleased to support this proposal because it would update our reporting requirements for modern market, reduce information asymmetries, and address the timeliness of two key filings.</span></p>