Pay-disclosure Break for Foreign Issuers

'' One could assume the SEC has become more sensitive to keeping U.S. markets competitive for foreign companies and does not want to add any more requirements beyond Sarbanes-Oxley at this time,'' says one observer.

Stephen Taub, CFO.com
January 23, 2006

http://www.cfo.com/article.cfm/5433928/c_5433079?f=home_todayinfinance

Foreign companies listed on U.S. exchanges may not be required to comply with all of the newly proposed rules regarding of executive compensation.

Looming large in last week's proposal by the Securities and Exchange Commission is the requirement that U.S. companies must disclose annual compensation for the CEO, the CFO, the next three highest-paid executives, and board members.

ＳＥＣに登録している日本企業には朗報なのかどうか？　微妙な所だろう。