The Advisors' Blog

– Broc Romanek, CompensationStandards.com

As noted in this FEI article, the SEC recently has proposed to require companies to use XBRL for some parts of the proxy statement. Here’s the intro from the article:

Filers, take note: two recent developments demonstrate the SEC’s growing commitment to the use of XBRL in interactive filings. For the first time ever, the SEC is extending the requirement for XBRL tagging to proxy statements. Under proposed rules, proxy statements will disclose and tag in XBRL a company’s pay-for-performance and clawback arrangements.