XBRL US Comments on SEC Executive Compensation Disclosure Taxonomy
November 28, 2022
XBRL US submitted a comment letter to the Securities and Exchange Commission Office of Structured Disclosure in response to their request for input on the draft Executive Compensation Disclosure (ECD) Taxonomy. The taxonomy is to be used by filers as well as tool and service providers who work with them, to comply with the new SEC rule on Pay versus Performance. The letter was prepared by members of XBRL US and raised key points regarding:
The letter also raised concerns about the timing of the availability of the final taxonomy, given compliance dates which begin in January 2023.
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