SEC Mandates More Disclosure of Exec Pay, Perks

Companies must provide additional, clarified information on the pay and perks handed down to their executives and directors as part of a new set of regulations approved on Wednesday by the Securities and Exchange Commission (SEC), Reuters reports.

The SEC voted 5-0 to adopt the new rules, according to Reuters.

Under the new regulations, firms will need to be more open with regulators regarding their executive stock-option grant procedures, though the rules don’t identify any particular policy as better than any other, Reuters reports.

The new rules come amid a stock-options backdating scandal that already has 80 or so firms—many of them technology companies—under investigation by the SEC.

Related Links:

• Three Ex-Brocade Execs Charged in Stock Options Probe

• Stock-Option Grant Task Force Launched by U.S. Attorney

• Rambus to Restate Results Amid Options Probe

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