The 2006 SEC and 2010 Dodd-Frank mandated executive pay proxy disclosure requirements significantly increased the amount of information that companies must disclose, and shareholders and other interested parties must navigate to determine a company’s executive compensation program. The SEC’s June 26, 2025, Roundtable gave voice to many of the positive and negative attributes to the current proxy disclosure regime, with near universal support for ensuring the disclosed information is more readily accessible and material to investors’ understanding of the program. While many commentators expressed concerns about the complexity of the Pay versus Performance (PVP) disclosure rules and some cited the lack of interest in this disclosure, others welcomed the disclosure, as it provides investors with an analysis of outcome-based compensation compared to performance rather than the static view of compensation reported in the Summary Compensation Table (SCT). Indeed, the main reason Dodd-Frank mandated the PVP disclosure was the failure of the 2006 rules to provide investors with a true, consistent picture of pay and performance. READ MORE