SEC to Reconsider Disclosure Rules on ‘Say-on-Pay’ Proxy Votes

Sept. 23, 2021, 4:08 PM

The SEC will take up a plan that would require institutional investors to disclose how they voted on executive compensation on company proxy ballots.

The Securities and Exchange Commission will vote on whether to propose “say-on-pay” reporting rules during a meeting Sept. 29, according to agency notice published Wednesday.

The agency previously proposed the disclosures mandated by the Dodd-Frank Act in 2010, but never finalized them. The 2010 proposal would have required investment managers to annually report their proxy votes on executive compensation, including how they voted on “golden parachutes” for departing company officials.

Dodd-Frank requires public companies to hold ...

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