The 2010 Dodd-Frank bank reform law mandated the agency make a rule to require public companies to disclose the ratio of CEO pay to the median paid employee. It took three years to come out with a proposal, and after 22,860 comments, it’s still working on a final rule.
The SEC staff has now published an analysis by the agency’s Division of Economic and Risk Analysis that considers the impact of various methods of calculating the required disclosures. That development comes just two days after Senator Elizabeth Warren, the Massachusetts Democrat, called out the delays in finalizing the rule while harshly criticizing the overall performance of SEC Chairwoman Mary Jo White.
-By Francine McKenna, Published: June 5, 2015
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