SEC Final Rule on Pay Vs Performance Requires Inline XBRL

SEC Final Rule on Pay Vs Performance Requires Inline XBRL

By Devlekar 8 September, 2022

The Securities and Exchange Commission adopted amendments to its rules to require registrants to disclose information reflecting the relationship between executive compensation actually paid by a registrant and the registrant’s financial performance. The rules implement a requirement mandated by the Dodd-Frank Act. The Commission proposed pay versus performance disclosure rules in 2015 and reopened the comment period on the proposal in January of this year.

“The Commission has long recognized the value to investors of information on executive compensation,” said SEC Chair Gary Gensler. “This rule makes it easier for shareholders to assess a public company’s decision-making with respect to its executive compensation policies. I am pleased that the final rule provides for new, more flexible disclosures that allow companies to describe the performance measures it deems most important when determining what it pays executives. I think that this rule will help investors receive the consistent, comparable, and decision-useful information they need to evaluate executive compensation policies.”

To find out more details please visit : https://sec.gov/