SEC's Aguilar calls on companies to offer pay details

02/20/2013 | Reuters

Companies need to voluntarily disclose compensation details to shareholders, says Luis Aguilar, a member of the Securities and Exchange Commission. "The relative pay of different classes of employees, such as the ratio between CEO compensation and median pay, can ... create risks to an enterprise, including the risk of employee, customer and shareholder discontent," Aguilar said. Industry groups have expressed concern about gathering and disclosing such information.

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