Industry Updates

Feb 3/10 - EXECUTIVE COMPENSATION IN THE PUBLIC AND NOT-FOR-PROFIT SECTORS

Detailed disclosure of executive compensation has been a fact of life for publicly traded companies in North America since 1994 when the Securities and Exchange Commission (SEC) required the specifics of compensation for the Chief Executive Officer and the four highest paid officers of listed companies to be made available to the public at large. The SEC in 2006 and the Canadian securities exchange commissions in 2008 announced enhanced requirements as a reaction to the suspicious compensation practices associated with the companies embroiled in the accounting scandals of 2002. Even more attention was drawn to disclosure, especially in the financial sector, following the recent financial meltdown.  Click here for the full article