CEO-to-Worker Pay Ratio Disclosure Proposal to Be Issued by SEC - Bloomberg

CEO-to-Worker Pay Ratio Disclosure Proposal to Be Issued by SEC - Bloomberg

SEC commissioners meeting in Washington today will vote to propose and seek comment on a requirement that has been opposed by the agency’s two Republican members and more than 20 large business lobbying groups, which say the data will be costly to compile and won’t help investors. The disclosure rule, championed by unions and some congressional Democrats, must be issued under the 2010 Dodd-Frank law.
The SEC will propose that companies can use sampling and estimation methods to determine the median pay of workers, according to two people familiar with the matter, who asked to not be named because the rule isn’t public. The plan won’t allow companies to exclude employees based in foreign countries from the calculation, the two people said.