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How Relevant Is The Disclosure Of A Ceo Pay Ratio?, Addison Stanfill
How Relevant Is The Disclosure Of A Ceo Pay Ratio?, Addison Stanfill
Accounting Undergraduate Honors Theses
An aftershock of the so called “Great Recession” in 2008, the Dodd-Frank Wall Street Reform and Consumer Protection Act effective July 21, 2010 aimed to increase the transparency of public companies. Section 953(b) of this act is targeting the transparency of executive and employee compensation by requiring the disclosure of a CEO to median employee pay ratio. This disclosure requirement, set to affect all filings with a fiscal year beginning after January 1, 2017, was a response to the public outcry against excessive CEO compensation. Although it does promote the transparency initiative of the Dodd-Frank Act, this disclosure may be …