Broader Exec Pay Disclosure Ordered ; Sec Action Follows Investor Complaints

Summary

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New federal rules requiring more disclosure of executives' pay will mean a "massive amount of work" for corporations, according to one large North Jersey firm, Ingersoll-Rand Co.

But some corporate governance experts and a chief executives' organization applauded the new rules, adopted Wednesday by the Securities and Exchange Commission.

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Broader Exec Pay Disclosure Ordered ; Sec Action Follows Investor Complaints

Under the new rules, information about corporate pay must be given in plain English, and all compensation for top executives, including perquisites, must be listed in one place on the annual report and proxy statement. In addition, corporations must give more infor...

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