Executive Compensation Disclosure: Complying with the Proposed SEC Rules Change

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In this Xtalks web conference on May 31, 2006, Charles Loring from Wachovia and Thomas Lehner of the Business Roundtable will be discussing the proposed SEC Rules Change on executive compensation disclosure and the implications it has on financial reporting.

Web Conference: "Executive Compensation Disclosure: Complying with the Proposed SEC Rules Change," featuring Charles D. Loring, CEBS, CCP, Senior Vice President and Director, Executive Compensation, Wachovia Corporation and Thomas Lehner, Policy Director, Business Roundtable.

In this Xtalks web conference on May 31, 2006, Charles Loring, from Wachovia and Thomas Lehner of the Business Roundtable will be discussing the proposed SEC Rules Change on executive compensation disclosure and the implications to financial reporting.

Xtalks is pleased to Executive Compensation Disclosure: Complying with the Proposed SEC Rules Change Web Conference. Registration is complimentary for qualified executives at: http://www.xtalks.com/execComp.ashx

The SEC has proposed the first rules change to disclosure requirements on executive compensation since 1992. This will affect disclosure in proxy statements, annual reports and registration statements. The SEC’s goal is to provide a more precise and clear reporting of the top executives total compensation package to shareholders.

Publicly traded companies will be required to provide, in plain English, the full value in a single bottom line figure of the total compensation package, with more disclosure on the various components of the package, including past termination arrangements.

Replacing the current Performance Graph and Compensation Committee Report, the new Compensation Discussion and Analysis section becomes a legal part of the proxy statement. The speakers will discuss the required disclosure information for this section, the affect on current and future proxy statements and the reorganized Summary Compensation Table.

Take away points include:

  •     How to meet the SEC’s expectations in compensation disclosures
  •     What should be done now, and in the future, to prepare organizations for compliance
  •     What are shareholders views and expectations?
  •     Requirements of the new disclosure tables

The web conference is sponsored by Kilpatrick Stockton, who will host a workshop following the keynote presentation and before the Q&A session. Registration is currently open at: http://www.xtalks.com/execComp.ashx

About the keynote speakers

Charles D. Loring, CEBS, CCP, Senior Vice President and Director, Executive Compensation, Wachovia

Mr. Loring manages all aspects of Wachovia’s executive compensation and benefit programs including: director’s compensation, equity compensation strategy and administration, corporate incentive compensation, deferred compensation management, executive benefit programs and all aspects of M&A compensation administration.

From 1987 to 2002 he was Senior Vice President and Manager of Compensation and Benefit Plan Design at Bank of America. Mr. Loring has a MA, Labor Economics from the University of Texas and a BA, International Relations from the University of Oklahoma.

Thomas Lehner, Policy Director, Business Roundtable

In this capacity he manages the Corporate Governance Task Force and the Civil Justice Task Force.

Recently cited as “the most influential chief executive lobbying group in the U.S.” by the Financial Times, Business Roundtable members are at the forefront of public policy, advocating for a vigorous, dynamic global economy. The Corporate Governance Task Force focuses on a range of issues including Corporate Governance Best Practices, The Business Roundtable Institute for Corporate Ethics, Executive Compensation, Stock Options, Proxy Voting and Shareholder Access and Communications. The Civil Justice Task Force works on legal reform efforts at the state and feral level, including class action reform, Asbestos settlement legislation, and medical liability reform.

Prior to joining the Business Roundtable, Tom was Executive Vice President for the American Financial Service Association. His work included efforts to reform bankruptcy laws, renew the national credit information system, and testimony before Congress on preventing identity theft.

Mr. Lehner has extensive government experience, with strong bi-partisan relationships and is well known and respected within the business and political communities of Virginia and Washington D.C.

About Kilpatrick Stockton

For well over a century, Kilpatrick Stockton has provided trusted counsel and forward-thinking legal solutions to clients throughout many industries—and throughout the world. We build long-standing partnerships with our clients by acting as more than just lawyers; we’re strategic advisors, offering the broad legal services, responsive service, entrepreneurial vision, and strategic leadership to deliver unparalleled service and satisfaction to our clients and our communities.

About Xtalks

Xtalks (recently featured in the London Times article Conference call that spans the globe) brings industry experts to executives’ desktops around the world in a web-based information network that provides insight into breaking business issues through interactive digital web conferences. By leveraging the best of hi-speed Internet and telecom technology, Xtalks provides a fantastic forum for highly interactive communication. Xtalks web conferences allow anyone with interest in a particular topic to participate in a web meeting by synchronizing their desktop computer and phone alongside industry experts. Xtalks is part of The Honeycomb Worldwide Group of Companies (http://www.honeycombworldwide.com), including Honeycomb Connect, a leader in executive networking, event management, web conferencing, publishing, and digital media with offices in North America and Europe.

“Xtalks' webinar brought together the top end users, technology vendors, and thinkers in the space,” says Ed Hess, Editor of Integrated Solutions Magazine, referring to a previous Xtalks’ event. “As a media sponsor of the event, we were ecstatic to see the level of commitment and execution that Xtalks showed in making the event a huge success. It was informative and filled with new and fresh insights. The Q&A session was highly interactive and addressed a range of issues. In terms of online events, it set a standard that others will have trouble matching."

For more information on this conference or Xtalks in general, or to enquire about speaking opportunities or sponsoring future events, visit http://www.xtalks.com or contact Karen Anderson, Chief Marketing Officer, at phone: 312-977-1166 x1209: e-mail kanderson @ xtalks.com

Register for free at: http://www.xtalks.com/execComp.ashx

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