Perspective: Lessons learned from first-time CD&A disclosure

As the first proxy season using the SEC's revised disclosures draws to a close, companies are evaluating their experience with the new rules and the reactions of investors and regulators. Investors received more information in 2007 than ever before -- particularly through the detailed explanation of executive compensation programs in the Compensation Discussion and Analysis (CD&A). But whether this disclosure actually clarified the executive pay-setting process is still unclear. This Perspective assesses how well companies met the objectives of the CD&A and looks at common troublespots.  (Perspective, 1 Aug 2007, 6 pages)

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