On September 18, the SEC voted 3-2 to propose a new rule requiring public companies to disclose the compensation ratio of CEO to the median compensation of its employees, as required by the Dodd-Frank Act. Under the proposal, companies would have the flexibility to determine the median annual total compensation of its employees in a way that best suits their circumstances. The proposal will be subject to a 60-day public comment period once it is published in the Federal Register. Press Release. Proposal.
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