"Among the four remaining Dodd-Frank executive compensation and governance disclosures awaiting rulemaking by the SEC, the disclosure on hedging transactions is the sole one that is uncontroversial and that does not create a significant compliance burden. Perhaps that is why the SEC decided at this time to issue its proposed rule on hedging transactions, rather than to adopt a final rule on the CEO pay ratio or to release proposed rules on the two other important Dodd-Frank mandates (i.e., disclosure on the relationship between pay and performance and mandatory recoupment or 'clawback' policies)."