From: Monica L. Sanchez
Securities and Exchange Commission
Dear Securities and Exchange Commission,
The SEC needs to act on its proposed rule making 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. With the newly proposed rules this crucial information will be more accessible to shareholders and the public and we can hold these executives more accountable. The new requirements to disclose total compensation figures, pensions and detailed compensation breakdowns will make it clear exactly how much top executives are earning and why.
Shareholders should be told if directors have potential conflicts of interest, no matter what the amount in question. A director can secretly do $120,000 in business with a company, an amount that is more than four times the average worker's annual pay of $27,460. This should not continue.
I ask the SEC:
Monica L. Sanchez