The Controversial New Disclosure Requirements in Dodd–Frank
The Controversial New Disclosure Requirements in Dodd–Frank
In this chapter, Paul Schultz discusses two controversial parts of the Dodd-Frank Act: the conflict minerals rule and the internal pay equity rule. The conflict minerals rule requires companies to disclose whether their products contain gold, tantalum, tin, or tungsten from the Democratic Republic of the Congo or surrounding countries. The pay equity rule requires companies to report their CEO's compensation, the median employee's compensation, and the ratio of the two. Neither provision strengthens the financial system. Both establish the precedent of using the SEC for purposes other than protecting investors.
Keywords: Conflict Minerals, SEC, Pay Equity, Compensation
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