March 31, 2003

The SEC has issued technical

The SEC has issued technical corrections in an adopting release to clarify that companies can provide their audit committee financial expert disclosure in its proxy or information statement and incorporate that disclosure into its annual report (if it complies with applicable rules for incorporation by reference). The original rule had stated that the disclosure was only permitted in annual reports. See

Mark Borges in the SEC’s Office of Rulemaking soon will be moving on to a new job at Mercer Consulting. Mark handled many of the staff’s executive compensation disclosure issues over the past few years and will be missed.