ICI Comments on SEC Proposal to Require Disclosure of Equity Compensation Plans

Washington, DC, April 2, 2001 - The Institute filed a comment letter with the SEC on its proposal to require a registrant to disclose in its proxy statement or annual report certain material features about its equity compensation plans, regardless of whether the plans are subject to shareholder approval. The letter expresses strong support for the proposal and notes that requiring registrants to disclose equity compensation plan information would facilitate greater understanding of the forms and amounts of equity compensation paid to corporate management and employees. This, in turn, would make it easier for investors to make informed voting and investment decisions.