Another rule that sparked discussion during the roundtable involves the treatment of executive security services as a perk. Peirce said some companies may have decided not to provide security for executives because that “perk” appears on a 2006 SEC list that “incidentally declines to define” what a perk is. According to a report published on June 25 by Directors & Boards, 37% of S&P 500 companies disclosed enhanced security services for their CEOs in 2024. That’s up from 28% in 2023 and more than double the 18% that disclosed protective services ten years ago. “This increase underscores the heightened focus on executive security amidst growing transparency around corporate activities and visibility of business leaders,” the report said.
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