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SEC'S NEW RULES ON CEO PAY DON'T GO FAR ENOUGH, EXPERT SAYS

 SEC'S NEW RULES ON CEO PAY DON'T GO FAR ENOUGH, EXPERT SAYS
 NORWALK, Conn., June 24 /PRNewswire/ -- The Securities and Exchange Commission should help all shareholders have access to the same information on the pay of chief executive officers, executive compensation expert Dr. David Meredith said today.
 "Yesterday's SEC executive disclosure proposal doesn't go far enough in providing shareholders with the information they deserve," Meredith said.
 "Smart companies already disclose, to institutional investors, important information on compensation packages," Dr. Meredith said. "By requiring similar disclosure in the proxy statement, the SEC would level the playing field for individual investors."
 Dr. Meredith said the SEC should require proxy disclosure of a company's executive compensation philosophy, should compare earned incentives to target and maximum potential incentives, should explain variances between earned and targeted incentives, and, should name any executive compensation firm consulted by the corporation.
 Dr. Meredith is chairman of Personnel Corporation of America, a Norwalk, Conn.-based management consulting firm specializing in executive compensation and other strategic human resource issues.
 -0- 6/24/92
 /CONTACT: Michael J. London of Personnel Corporation of America, 203-261-1549/ CO: Personnel Corporation of America ST: Connecticut IN: SU:


PS -- NY065 -- 3448 06/24/92 16:44 EDT
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Publication:PR Newswire
Date:Jun 24, 1992
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