Comments on the Dodd-Frank Section 953(b) Rules

On behalf of the Retail Industry Leaders Association (RILA), I write pursuant to Chairman Schapiro’s invitation to submit advanced comments on the rules required under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). 1 Specifically, this letter offers RILA’s views on Section 953(b) of Dodd-Frank pertaining to the new requirement for disclosure of the ratio of total compensation of an issuer’s chief executive officer (CEO) to that of the median of all employees of the issuer.