SEC Proposes Reducing Executive Compensation Disclosure Requirements

The United States Securities and Exchange Commission proposed a plan on Friday to reduce the amount of executive compensation information that publicly traded companies must disclose to investors.

The proposal would limit mandatory compensation disclosures to two executives, typically the chief executive officer and the chief financial officer, a decrease from the current requirement of five.

Additionally, the agency intends to raise the reporting threshold for executive perks, including personal travel and security details, from $10,000 to $150,000.