Thursday, January 12, 2006

Two important stories from the SEC

In the first story, the troubling exodus of experienced SEC leaders continues as Finance Director Alan Beller departs for the private sector. Among Mr. Beller's contributions were leadership on facilitating deregulation of foreign business issues, increased disclosure of executive compensation, greater Internet delivery of proxy materials and the start of the interactive (XBRL) reporting initative.

The second story is more sanguine, interested companies have until February 1o to volunteer for participation in an XBRL (interactive reports) study where participants receive expedited reviews to companies which allow XBRL documents to be posted as exhibits. The SEC has special interest in banking, insurance and commercial/industrial enterprises.


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