SEC Chair Paul Atkins called for reform of executive compensation disclosure rules and reducing legal burdens for smaller companies. Atkins emphasized the need to reset SEC disclosure requirements to focus on materiality and ease compliance for smaller firms. Critics fear the SEC’s deregulatory agenda could lead to financial risks and misconduct. Congress mandated reporting CEO-to-worker pay ratio, with CEO pay at S&P 500 companies averaging $18.9 million in 2023, a 7% increase from 2022. Democrats advocate for pay limits to curb risky behavior while Atkins quoted Warren Buffett on the unintended consequences of required disclosures.

Read more at Yahoo Finance: US SEC chief calls for redo of executive compensation disclosure rules