In May, the SEC proposed reducing those disclosures to two times a year. Days later, The SEC proposed rules that exempt 80% of public companies from disclosures and accountability on what executives get paid. The SEC even exempted most companies from the requirement that their auditor must swear that the company has systems in place to produce accurate financial information. (03:22–03:32)
CLAIM
Asserts that the SEC proposed rules exempting 80% of public companies from executive pay disclosures.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
