NBAA Agrees with SEC Disclosure Proposal

 - September 18, 2006, 8:14 AM

NBAA’s response was one of more than 170 comments (mostly supportive) filed about the Securities and Exchange Commission (SEC) rulemaking proposal to require more detailed reporting of top executive compensation, including such perks as personal use of corporate aircraft. NBAA said it “agreed with the SEC’s assessment that the current standard of reporting perquisites and other personal benefits, aggregate incremental cost, is the proper valuation methodology. No other mechanism reports the true cost to the company of providing such benefits, which is the information that shareholders need to know.”