Week InAdvance: August 3, 2015
The SEC is set to take final action on a Dodd-Frank Act requirement that companies disclose how compensation for their chief executive officers compares with pay for their typical employee. Commissioners will meet Wednesday to consider whether to adopt the proposed rule, which has drawn intense corporate opposition and equally strong pressure from groups advocating on behalf of workers. The SEC has delayed action on the measure for years, missing timelines outlined by Chair Mary Jo White. In addition to pay-ratio rules, the SEC will also consider whether or not to adopt rules imposing registration requirements on security-based swap dealers and major participants. The SEC first proposed the registration requirements in October 2011 in a 3-1 vote.
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