Financial Institutions

 On August 5, 2015, the Securities and Exchange Commission (SEC) adopted final rules that require public companies to disclose the ratio of the total annual compensation of their principal executive officers to the total annual compensation of the median employee of such companies.  This pay ratio disclosure was mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act. 

Counsel Michael T. Campoli, a member of Pryor Cashman’s Corporate Group, has authored a Legal Update summarizing the final rules.

To read the update, entitled "Final Pay Ratio Disclosure Rules for Public Companies Adopted by the SEC," please click here.