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The Importance of Commenting on the Proposed CEO Pay Ratio Rules
The Conference Board
Oct. 13, 2013
"In [a recent speech, SEC Chair Mary Jo] White recognized the importance of disclosure to investors, but stated that disclosure which strayed beyond the SEC's core purposes could lead to information overload which would harm investors. She also noted that certain Congressional mandates appeared more directed at exerting societal pressures on companies to change their behavior rather than at disclosing financial information to inform investment decisions.... Companies ... should not assume that the final rules could not be more burdensome than the proposed rules and need to support what the SEC has done, as well as suggest improvements."
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