Over the past month or so, several different outlets have published widely varying reports on the growth of CEO pay. Has it gone up or down? Depends on who you ask.
Center On Executive Compensation CEO Tim Bartl testified this week before Congress in support of legislation requiring proxy advisory firms to register with the SEC and address conflicts of interest, stating that "where the Commission has provided effective oversight, it has had a substantial impact on proxy advisory firm diligence and conduct."
Breaking weeks of Democrat-led stasis, the Senate Banking Committee in a surprise vote on Thursday held off the Senate floor, approved the nominations of two individuals for the open SEC Commissioner slots, ending the nominations to the full Senate, where a vote is not yet certain.
According to Center Data, the average length of an S&P 500 CD&A has increased from 15.5 pages in 2012 to 17.7 pages in 2015.
In 2010, the Securities and Exchange Commission issued a Concept Release on the U.S. Proxy Plumbing System which included an discussion on the conflicts of interest inherent in the proxy advisory firm industry.