As mandated by the Dodd-Frank Act, the SEC issued a rule in 2015, effective for the first fiscal year beginning on or after January 1, 2017, requiring most public companies regularly to disclose the ratio of a CEO's compensation to the median compensation of the company's employees.

Question

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The Dodd-Frank Wall Street Reform and Consumer Protection Act, passed in 2010, includes a provision that mandates public companies to disclose the ratio of their CEO's compensation to the median compensation of their employees. The SEC adopted this rule in 2015, and it became effective for fiscal years beginning on or after January 1, 2017.

As Mandated by the Dodd-Frank Act, the SEC Issued a Rule