Corporate Securities Law Blog

On August 11, 2006, the SEC issued its adopting release for the new rules on executive compensation and related party disclosures. Beginning for fiscal years ending on or after December 15, 2006, companies will have to comply with the SEC's new rules that will substantially revise the disclosure requirements for executive and director compensation and security ownership, related party transactions, director independence, and other corporate governance matters. For calendar year end companies, the new rules will apply to the 2007 proxy statements.