# Executive Compensation and Related Person Disclosure
> **US Securities and Exchange Commission** · Final rule. · Published 2006-09-08 · Effective 2006-11-07 · 71 FR 53158
## Document
- **Document number:** 06-6968
- **Category:** final-rule
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 71 FR 53158
- **CFR reference:** 17 CFR 228
- **Publication date:** 2006-09-08
- **Effective date:** 2006-11-07
- **Docket:** Release Nos. 33-8732A
## Abstract

The Securities and Exchange Commission is adopting amendments to the disclosure requirements for executive and director compensation, related person transactions, director independence and other corporate governance matters and security ownership of officers and directors. These amendments apply to disclosure in proxy and information statements, periodic reports, current reports and other filings under the Securities Exchange Act of 1934 and to registration statements under the Exchange Act and the Securities Act of 1933. We are also adopting a requirement that disclosure under the amended items generally be provided in plain English. The amendments are intended to make proxy and information statements, reports and registration statements easier to understand. They are also intended to provide investors with a clearer and more complete picture of the compensation earned by a company's principal executive officer, principal financial officer and highest paid executive officers and members of its board of directors. In addition, they are intended to provide better information about key financial relationships among companies and their executive officers, directors, significant shareholders and their respective immediate family members. In Release No. 33-8735, published elsewhere in the proposed rules section of this issue of the Federal Register, we also request additional comments regarding the proposal to require compensation disclosure for three additional highly compensated employees.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2006/09/08/06-6968/executive-compensation-and-related-person-disclosure)
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