Proposed changes to disclosures.The SEC has published proposed rules that would amend disclosure requirements for executive and director compensation, related party transactions, director independence and other corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. matters, and security ownership of officers and directors. The proposed rules would affect disclosure in proxy statements Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. , annual reports and registration statements. The proposals also would modify the current reporting requirements of Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. regarding compensation arrangements. For more, visit www.sec.gov/news/press/2006-10.htm. |
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