SEC proposed three measures that provide more shareholder scrutiny of
executive pay. One rule would require public companies receiving money
from the Troubled Asset Relief Program (TARP) to provide a shareholder
vote on executive pay in their proxy solicitations. The SEC also voted
to propose better disclosure of executive compensation at public
companies in their proxy statements and approved a New York Stock
Exchange rule change to prohibit brokers from voting proxies in
corporate elections without instructions from their customers.
Comments are due within 60 days of its publication in the Federal Register.
ASC Topic 842 is a relatively simple standard that can mean profound changes for organizations with leases. This report examines what makes this standard challenging and describes new ways for CPAs to add value.