SEC Adopts Interpretive Guidance on Pay Ratio Rule
Publication Date: September 26, 2017

The Securities and Exchange Commission approved interpretive guidance to help companies comply with the upcoming pay ratio disclosure requirements. Companies are required to begin making pay ratio disclosures in early 2018. The guidance address the use of estimates and statistical sampling, and clarifies that a company may use appropriate existing internal records, such as tax or payroll records. According to SEC Chairman Jay Clayton, the guidance "is intended to assist companies with their compliance efforts and reduce the costs associated with preparing disclosures."

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