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Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?

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This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

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October 12, 2004
SEC Mulls New Rules on Executive Compensation

The Securities and Exchange Commission is looking at possible ways to make it easier for shareholders to determine how much companies are paying their top executives, the Washington Post reports.

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Shareholder groups have been urging regulators to adopt new rules on how publicly traded companies disclose executive compensation, saying companies have made information about executive compensation and benefits increasingly opaque.

The SEC appears to be listening.

"I believe in people being well paid for really doing something," says SEC chief William H. Donaldson. "[But] as far as salaries and compensation are concerned, there remains obfuscation about who's being paid what. . . . We have to think through what new rules we want to make things more clear than they are now."

Shareholder groups argue that companies should disclose such information in plain English, the newspaper notes.

The newspaper reports that the SEC is still in the early stages of addressing the issue, so no details on possible rules are available. New rules would come no sooner than next year, according to the newspaper.


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