Key takeaways:

• The Jumpstart Our Business Startups Act (the "JOBS Act"), as signed by President Obama, reduces the amount of executive compensation disclosure that is required of "emerging growth companies" in their SEC filings.
• While the reduced disclosure is a welcome departure from the parade of disclosure rules that have been imposed on public companies in recent years, emerging growth companies must still present the more limited executive compensation disclosure required of smaller reporting companies.
• Whether proxy solicitation and shareholder advisors and the markets will have a negative view of companies that reduce disclosure based on "emerging growth" status remains unclear.