December 18, 2008
More Executive Compensation Data in XBRL Format
– Broc Romanek, CompensationStandards.com
As I blogged this morning on TheCorporateCounsel.net, the SEC adopted mandatory XBRL yesterday. From the remarks at the open Commission meeting, it doesn’t appear that the SEC adopted XBRL for executive pay data. However, as Dave wrote up below, some service providers have taken action to place pay data in XBRL format:
Recently, a company by the name of Xtensible Data announced that its recently released interactive data website now includes 2006 and 2007 executive compensation data reported in XBRL for more than 4000 companies. This is a significantly greater data set than the SEC provides in its own executive compensation viewer, which only includes 2006 data for 500 large companies.
Like the SEC’s viewer, Xtensible Data’s Corporate Pay interactive tool focuses on the information provided in the Summary Compensation Table. The data is based on information from public filings, and the company has converted the data from HTML or standard text into an interactive XBRL format. The database can be searched based on company name and ticker, stock index, and industry, and the results can be sorted by each column of the Summary Compensation Table, and filtered by executive type and fiscal year. The method used to determine the value of stock and option awards may also be selected by the user. The Corporate Pay tool also allows users to graph the executive compensation information (including comparative graphs) and the data may be downloaded into Excel.