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New SEC pay rules mean more work.(Securities and Exchange Commission)(Brief article)
Crain's Detroit Business, May, 2007 by Jensen, Doug
As human-resources executives take the lead in the proxy process under new U.S. Securities and Exchange Commission executive compensation disclosure rules and brace for the next wave of shareholder scrutiny, they are entering a new era of responsibility and engagement with company boards. While some HR executives are well-prepared for the shift, others are struggling to draft the statements and are bracing for criticism that will rain down as companies reveal the details of their executive pay packages, the total compensation paid and the peer-group companies they use for benchmarking.
If implemented correctly, HR executives can use the proxy statement process to solidify their work at the top of the organization and draw attention to HR's contribution to...
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