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Not Until It's Absolutely Necessary

Despite recent moves by the Securities and Exchange Commission to overhaul executive pay disclosure rules, companies aren't rushing to change their compensation programs, according to ...

By Staff Writer | Updated on April 01, 2006

Despite recent moves by the Securities and Exchange Commission to overhaul executive pay disclosure rules, companies aren’t rushing to change their compensation programs, according to a survey by consulting firm Watson Wyatt Worldwide. A February survey of 112 compensation and human resource executives at large publicly traded companies found that 70% said they do not plan any changes to their comp programs in response to the SEC proposal; only 9% reported their intention to make changes. When asked about plans for current year filings, 48% said they don’t intend to change their proxy disclosures this year, while 23% said they will and 29% weren’t sure. “A lot of companies are interested in seeing how others are reacting–a wait-and-see approach is really going on,” says Steven Seelig, executive compensation counsel at Watson Wyatt. The proposals could change after the comment period ends in early April.

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