SEC Reopens Comment Period for Proposal on Pay Versus Performance

The SEC has announced that it is reopening the comment period for its proposed rule Pay Versus Performance (released in 2015). The proposal, which was issued to address a mandate of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, “would amend the current executive compensation disclosure rule to require a description of how executive compensation actually paid by a registrant related to the financial performance of that company.”

The reopening of the comment period is intended to give respondents the opportunity to provide additional feedback in view of developments that have occurred since the proposal’s initial release.

Comments are due 30 days after the date of the proposed rule’s publication in the Federal Register. For more information, see the press release and fact sheet, as well as statements by SEC Chair Gary Gensler and Commissioners Caroline A. Crenshaw, Allison H. Lee, and Hester M. Peirce, on the SEC’s Web site.