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SEC "Exploring" Executive Pay Rule Changes
NEW YORK, March 7, 2005
(AFX News Limited)
Federal rules covering executive compensation "may need to be refocused" in an effort to avoid abuse, the chairman of the Securities and Exchange Commission said Friday.
"The executive compensation process presents clear potential conflicts and clear potential for abuse," SEC Chairman William Donaldson said in remarks prepared for delivery at a Washington conference.
He said the agency's division of corporation finance is "exploring" how rules can be changed.
Copyright 2005 AFX News Limited. All Rights Reserved.
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