February 9, 2006
While these measures are a step in the right direction, they do not seem to offer in a clear and concise fashion the overall financial picture of an executive employee. Frankly, they do not go far enough.
Financial disclosure should not only be limited to that of the employing company, but from all sources. As with people in public office that must disclose their total finances, it should be equally important for executives holding positions in publicly traded companies to submit their income tax records for scrutiny under similar arrangements made with the SEC for reasons that are self evident. Such records should be made available to their respective Board of Directors, as well as any other agencies where the employing company, or SEC deems fit.