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February 13, 2006

New SEC Compensation Rules

The new SEC rules on executive compensation require that the new disclosure report be signed by the CEO,CFO, and a majority of the board.  Under SOX, the CEO and the CFO must certify the report as well.  This is a change from present practice, in place since 1992, that exempted the compensation report from the signing requirements.

February 13, 2006 in Corporate Governance | Permalink

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