Japan core inflation expected to rise to 2.3% in October
A poll of 16 economists points to a second consecutive month above the Bank of Japan’s 2% target, with price pressures linked to the Middle East conflict.
SEC proposes overhaul of executive pay disclosures
The proposal would narrow the executives covered in most cases and raise the minimum aggregate reporting threshold for perks from $10,000 to $150,000.
The Securities and Exchange Commission proposed changes on November 13, 2026, to executive and director pay disclosures that would generally cover fewer executives and reshape compensation tables. The SEC said the amendments would emphasize material information while easing companies’ compliance burdens.
Under the proposal, disclosures would typically cover two named executives rather than five or more: the principal executive officer and the principal financial officer. Three tables—Earned Compensation Table, Granted Compensation Table, and Status of Equity Awards Table—with explanatory narratives would replace the four primary tables now required.
The SEC would increase the aggregate threshold for reporting perquisites to $150,000 from $10,000 and add a de minimis exclusion from tracking. Revised guidance would also give companies greater discretion to decide whether a benefit counts as a perquisite, provided their judgment is reasonable and made in good faith.
Companies would need to address three topics in their Compensation Discussion and Analysis, while the current rule’s 15 illustrative topics would be removed. Pay-versus-performance disclosures would require fewer performance measures and use total compensation earned from the proposed table instead of the existing “Compensation Actually Paid” calculation.
For pay-ratio reporting, companies would identify the median employee using only full-time U.S. employees and repeat that determination every five years. The proposal would also remove annual-report cover-page check boxes and some disclosures about applying clawback policies, without changing how the clawback process works.
The SEC said the proposal followed a review that included public comments and a roundtable. Chairman Paul S. Atkins cited input from more than 80 comment letters connected with the July 2025 executive compensation roundtable. Comments on the proposed amendments will be accepted for 60 days after publication in the Federal Register.