Monday, January 29, 2007
Tweet[IWS] CRS: EXECUTIVE COMPENSATION: SEC Regulations & Congressional Proposals [26 January 2007]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Order Code RS22583
Congressional Research Service (CRS)
January 26, 2007
Executive Compensation: SEC Regulations and Congressional Proposals
Michael V. Seitzinger, Legislative Attorney, American Law Division
http://www.opencrs.com/rpts/RS22583_20070126.pdf
[full-text, 4 pages]
Summary
Concern about shareholder value, corporate governance, and the economic and
social impact of escalating pay for corporate executives has led to a controversy
regarding the practices of paying these executives. On July 26, 2006, the Securities and
Exchange Commission voted to adopt revisions to its rules on disclosure of executive
compensation. On December 22, 2006, the SEC announced that it had adopted changes
in the July 26 rules. These December 22 changes have become somewhat controversial,
with opponents saying that they obfuscate executive compensation and with proponents
saying that the changes are necessary to give a truly accurate picture of executive
compensation. Congressional proposals concerning executive pay have thus far not
focused on the SEC rules. Instead, proposals have been made concerning additional
disclosure of executive compensation and limiting the amount of deferred compensation
for tax purposes. This report will be updated as warranted.
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Order Code RS22583
Congressional Research Service (CRS)
January 26, 2007
Executive Compensation: SEC Regulations and Congressional Proposals
Michael V. Seitzinger, Legislative Attorney, American Law Division
http://www.opencrs.com/rpts/RS22583_20070126.pdf
[full-text, 4 pages]
Summary
Concern about shareholder value, corporate governance, and the economic and
social impact of escalating pay for corporate executives has led to a controversy
regarding the practices of paying these executives. On July 26, 2006, the Securities and
Exchange Commission voted to adopt revisions to its rules on disclosure of executive
compensation. On December 22, 2006, the SEC announced that it had adopted changes
in the July 26 rules. These December 22 changes have become somewhat controversial,
with opponents saying that they obfuscate executive compensation and with proponents
saying that the changes are necessary to give a truly accurate picture of executive
compensation. Congressional proposals concerning executive pay have thus far not
focused on the SEC rules. Instead, proposals have been made concerning additional
disclosure of executive compensation and limiting the amount of deferred compensation
for tax purposes. This report will be updated as warranted.
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 2:47 PM
