Sec Adopts Pay Disclosure Plan

Summary


WASHINGTON -- Companies will have to disclose their executives' pay and perks in greater detail under an overhaul of reporting rules approved Wednesday.

Included are new rules on disclosure of the dating of stock option grants to executives, as a scandal spreads through corporate America over suspect timing of option awards.

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Sec Adopts Pay Disclosure Plan

The Securities and Exchange Commission members voted 5-0 to adopt the plan. It will take effect Dec. 15 so companies' 2006 annual reports issued early next year will r...

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