SEC Pay Versus Performance taxonomy out for review
The US Securities and Exchange Commission (SEC) has released its draft Executive Compensation Disclosure (ECD) Taxonomy for public review, alongside a draft taxonomy guide. This provides the digital definitions needed for new Inline XBRL disclosures introduced by the SEC’s recently-adopted final rule on Pay Versus Performance, intended to shed greater light on the relationship between executive compensation paid and company performance.
The taxonomy files and guide are available to download from the SEC now, with comments due by 28 October. For those keen to provide feedback, XBRL US is also interested in receiving input on its own possible response from its members.
Read more here.
