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Audio – SEC’s Cox says CEO pay soon to be undressed in public
Executives will be exposing more than ever before under a new pay disclosure regulation that takes effect in 2007, SEC Chairman Christopher Cox says. He spoke at the Reuters Regulation Summit in response to a question about whether the SEC is under pressure to more closely monitor executive pay. The new regulation requires companies to include in their annual proxies a single number for each top executive that combines salary, bonus, perks and other compensation.