Exploring Corporate Governance Around the World

By Allison Garrett, Senior Vice President for Academic Affairs at Oklahoma Christian University

Tuesday, January 24, 2006

Executive Compensation Disclosure by Foreign Issuers

The Financial Times has reported that the SEC will respect home-country disclosure of executive compensation by foreign issuers. In some nations such as Mexico, disclosure of executive compensation is on an aggregated basis showing compensation to all executives as a group, rather than individually. This aggregated disclosure addresses a concern regarding the safety of individual executives in countries where kidnappings or other crimes against executives take place. If, however, the issuer must provide more detailed disclosure in its home country, then that level of disclosure must be made in SEC filings.

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