Letting companies disclose less about executive security measures as safety threats grow is among SEC Chairman Paul Aktins’ top rulemaking priorities, he said.
Atkins said Tuesday that security measures for top executives shouldn’t be treated as perks, a spending category companies must divulge to shareholders which also encompasses things like club memberships and vacations.
“Few areas exemplify the need for modernization more than the treatment of executive security as a perk,” prepared remarks for his speech at Texas A&M University School of Law said.
Atkins’ comments reflect business groups’ argument that executive security has gone from a luxury to a ...