The Securities and Exchange Commission in 2004 proposed a code of disclosure that excluded the compensation for the chairman of the board.

Name: The Securities and Exchange Commission in 2004 proposed a code of disclosure that excluded the compensation for the chairman of the board.
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The Securities and Exchange Commission (SEC) has consistently aimed to increase transparency in corporate governance, including the disclosure of executive and chairman compensation.

The Securities and Exchange Commission in 2004 Proposed a Code