From: Jill Alo
Securities and Exchange Commission
Dear Securities and Exchange Commission,
Please act on your proposed ruling on executive compensation disclosure. Without better disclosure, shareholders, employees and the general public cannot evaluate whether executive pay packages are unjustly enriching executives at shareholder cost or providing fair compensation.
I believe that CEO pay should be set by independent directors.
Please also require companies to disclose pay-for-performance data. In order for investors to understand how pay and performance match up, companies need to explain more clearly what level of performance is necessary for a particular level of pay. I urge the SEC to require companies to disclose both the performance criteria and the performance targets they use when setting executive pay. Thank you!