New York City Comptroller John Liu provided supporting comments in favor of a proposed Securities and Exchange Commission rule to implement Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which requires companies to disclose the ratio of total compensation of chief executive officers to the median pay of employees.

In his Nov. 27 letter to the SEC, Liu noted that the New York City pension funds had adopted an explicit policy in favor of such disclosure well before the Dodd Frank Act of 2010.

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