SEC's Pay Versus Performance rules satisfies the requirement in the Dodd Frank Act. The final rules will be effective for proxy statements filed in 2023 for calendar year end companies. Companies are allowed to only include information for the three most recent years.
On August 25, 2022, the Securities and Exchange Commission (“SEC”) adopted rules that amend Item 402 of Regulation S-K to require reporting companies to disclose information detailing.
SEC final rule on Pay Versus Performance is effective on October 8, will require new executive compensation disclosures for upcoming proxy season. New rule implements Dodd-Frank Act, public companies must disclose relationship between executive pay and financial performance.