Many U.S. employers stay quiet on pay goals

Watson Wyatt poll finds limited disclosure
By Sarah Dobson
||Last Updated: 04/07/2008

Only 42 per cent of large companies in the United States plan to disclose performance goals for executive pay programs in a 2008 proxy statement, according to a poll of legal, compensation and HR executives at 135 large, publicly traded companies by consulting firm Watson Wyatt Worldwide.

As of the 2007 proxy season, the Securities and Exchange Commission (SEC) adopted new disclosure rules in an effort to provide investors with a clear picture of how executives are compensated. However, 31 per cent say they have no plans to reveal the goals while the remaining 27 per cent are unsure.