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Tuesday, April 17, 2007

User's Guide to SEC Pay Disclosure Rules

As CFOs tussle this proxy season with the complexities of the Securities and Exchange Commissions new disclosure rules for executive pay, Moody's Investors Service is coming out with a user's guide to help shareholders benefit from the disclosures.

By calling for more information from companies, the SEC rules reveal "the way performance incentives influence management behavior and retention of top-level executive talent," said Mark Watson, managing director of the rating service's Corporate Governance Group and a co-author guide. "We believe compensation is a determinant of management behavior that indirectly affects credit quality."

User's Guide to SEC Pay Disclosure Rules

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