On September 18, 2013, the Securities and Exchange Commission proposed new rules to require the disclosure by public companies of the ratio of CEO pay to median employee pay. The pay ratio disclosure, mandated by the Dodd-Frank Act, has been the topic of extensive commentary and debate, both in favor and against such disclosure, since the time that Dodd-Frank was signed into law.
Bass, Berry & Sims attorneys Kevin Douglas and Andrea Orr wrote an article published on October 10, 2013 by Bloomberg BNA's Corporate Law & Accountability Report discussing these proposed rules and considerations public companies should take into account in their assessment of these rules.
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