August 05, 2015

Brown Applauds SEC Approval of CEO Pay-Ratio Disclosure

WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) – ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs – released the following statement today after the Securities and Exchange Commission approved a final rule requiring publicly-traded companies to disclose the pay gap between chief executives and their workers. The rule was mandated by the Dodd-Frank Wall Street Reform Act of 2010.

“For decades, CEOs’ pay packages have soared to astronomical heights while the average American worker’s wages has stagnated at best. This rule will shine a light on the explosion in CEOs’ compensation while giving workers and investors a critical tool to evaluate corporate governance and executive pay polices at publicly-traded companies.”