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US SEC proposes scaling back rules on executive pay disclosure

Reuters

WASHINGTON, ‌Nov 13 (Reuters) - Wall Street's ​top ‌regulator on Friday ‌proposed scaling back ‌requirements for publicly traded companies to disclose ⁠detailed information ‌about compensation ⁠for executives and ​board members, according to ​a statement.

Paul ​Atkins, ‌chair of ​the ⁠US Securities ‌and Exchange Commission, ​said ​the new rules would help limit such ‌disclosures to what ‌investors ​actually need to know.

(Reporting by Douglas Gillison ‌in Washington)