After four months, the Securities and Exchange Commission has already revisited its rule on disclosing executive compensation.In a statement issued Dec. 22, SEC Chairman Christopher Cox said that the new requirements will make it easier for companies to prepare statements and for investors to understand the cost of stock options.

As adopted in late July, the rule would have required companies to include the value of unvested stock options in executive pay disclosures beginning in 2007. The changes now require only the cost of vested options -- those an executive can currently exercise -- to be accounted for as an expense.

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