U.S. SEC Chairman, Mary Jo White, has outlined a range of initiatives focusing on boardroom diversity and executive compensation. Ms. White is considering whether the agency should require companies to provide more specific information about the racial or gender compositions of their boards. Rules adopted in 2009 require companies to disclose whether diversity is considered for management-backed director candidates who appear on corporate ballots. Some investor advocates say companies haven't provided shareholders with sufficient information about the makeup of their boards. Ms White also aims to complete a suite of executive compensation rules proposed by the agency last year. These include requirements that companies claw back or revoke some of their top officials’ incentive pay if they have to restate financial results.
US SEC Chairman, Mary Jo White, has outlined a range of initiatives focusing on boardroom diversity and executive compensation. Ms. White is considering whether the agency should require companies to provide more specific information about the racial or gender compositions of their boards. Rules adopted in 2009 require companies to disclose whether diversity is considered for management-backed director candidates who appear on corporate ballots. Some investor advocates say companies haven't provided shareholders with sufficient information about the makeup of their boards. Ms White also aims to complete a suite of executive compensation rules proposed by the agency last year. These include requirements that companies claw back or revoke some of their top officials’ incentive pay if they have to restate financial results.