by CIO Staff

SEC Mandates More Disclosure of Exec Pay, Perks

Jul 26, 20061 min
IT Leadership

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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