- CFA Exams
- CFA Level I Exam
- Study Session 6. Financial Reporting and Analysis (1)
- Reading 19. Introduction to Financial Statement Analysis
- Subject 3. Other Financial Information Sources
CFA Practice Question
If you want to find information about management and director compensation, you should look in the ______.
A. auditor's report
B. MD&A or footnotes
C. proxy statement
Explanation: The proxy statement provides such information and discloses any potential conflicts of interest that may exist between the management and shareholders.
User Contributed Comments 2
| User | Comment |
|---|---|
| ongster | Proxy statement is a document containing the information that a company is required by the SEC to provide to shareholders so that they can make informed decisions about matters that will be brought up at an annual shareholder meeting. Issues covered include proposal for additions of new director to the Board of Directors, info on directors' salaries, info on bonus and option plans for directors, and any declarations by company management. |
| rmullin | information about executive pay is contained in the notes of 10-K, while information on a vote about a change in executive pay is in a proxy statement. At least I thought? |