The Securities and Exchange Commission has proposed amendments to the disclosure requirements for executive and director compensation, related party transactions, director independence and other governance matters, among other things that would require them to be written in plain English. The proposed amendments, according to the SEC, are intended to make proxy statements, reports and registration statements easier to understand, to provide investors with "a clearer and more complete picture" of the compensation earned by a company principle executive officer, and to provide better information about key financial relationships among companies and their top officers, directors and shareholders. Deadline for public comment is April 10.