Next week the Securities and Exchange Commission staff will present the commission with a plan for reporting of executive compensation. The plan is taken almost directly from the reporting requirements that I negotiated with Pacific Gas and Electric in 2004 (jointly with the Greenlining Institute). The PG&E reports were submitted to the SEC and the staff discussed it in June of 2004.
What the SEC staff is now proposing for all public corporations is a slight improvement on my package in one way, it requires an estimated "total compensation" figure. It is lacking in another way, which is my requirement that all underlying documents, such as goals, targets and actual wording of compensation programs be published on the web.
Still, if the whole staff package is accepted it will be a great accomplishment.