Acting SEC chairman Michael Piwowar requested the agency take
another look at a Dodd-Frank requirement that companies disclose
how top executivesâ€" compensation compares with
employees' pay. Piwowar opposed the requirement as an SEC
commissioner and now says he may ask staff to review requirements
for what information public companies must disclose. The
requirements took effect during the fiscal year beginning on or
after Jan. 1 this year and require companies to include the
information in registration statements, proxy statements and annual
reports, which the industry has said isn't information clients
require to make investment decisions.
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