By Dave Tumen and Greg Daugherty on At long last, the Department of the Treasury and Internal Revenue Service published final regulations to explain how changes to Internal Revenue Code Section 162(m) under the Tax Cuts and Jobs Act of 2017 (TCJA) affect the deductibility (or lack thereof) of compensation in excess of $1 million paid to covered employees. We have blogged … Continue Reading
By Greg Daugherty on On our companion blog — Federal Securities Law Blog – Andrew Trafford describes the Securities and Exchange Commission’s recently proposed CEO pay ratio rule. This rule comes from Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. In a nutshell, this rule generally requires public companies to disclose in their proxy statements the ratio of the compensation (as defined in Item 402(c)(2)(x) of Regulation S-K) of the median-compensated employee in the company to the compensation of the company’s CEO.
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