What is Pay Versus Performance?
On Aug. 25, 2022 the Securities and Exchange Commission (SEC) adopted a significant new rule, Pay Versus Performance, requiring companies to disclose information reflecting the relationship between executive compensation and financial performance. The rule continues the SEC’s focus on modernization by mandating Inline XBRL (iXBRL) tagging of executive compensation data in the proxy statement. The rule becomes effective for fiscal year end on or after Dec. 16, 2022. Read more about Pay Versus Performance in this blog by our expert.