OMA Connections Partner, Dinsmore, reminds applicable public companies of a pay reporting rule.
Per Dinsmore: “Pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the Security Exchange Commission’s 2015 pay ratio rule required public companies to disclose the annual total compensation of the median employee (excluding the CEO), the annual CEO compensation and the ratio of those amounts. The Final Rule … mandates pay ratio disclosure for the fiscal year beginning January 1, 2017. As a result, most public companies must provide pay ratio disclosures in their 2018 proxy statements. …”
For more about this from Dinsmore, click here. 11/3/2017