The Globe and Mail reports in its Monday edition that a U.S. plan to dramatically reduce the amount of information American companies must give shareholders about their executive pay practices is spurring a debate in Canada about whether to adopt similar disclosure rules. The Globe's Jameson Berkow writes that in late May, the Securities and Exchange Commission proposed sweeping reforms to public company executive compensation disclosure requirements. If adopted, the SEC said roughly 81 per cent of U.S. public companies will no longer be obliged to reveal certain details of their leaders' pay packages. The proposal would restrict the most onerous level of disclosure to companies worth at least $2-billion (U.S.) (up from the current threshold of $700-million (U.S.)) that have also been public issuers for five years (up from the current threshold of one year). Companies below those thresholds would be allowed to omit holding say-on-pay and other shareholder advisory votes. The SEC proposal and similar discussions with provincial securities regulators are both part of a broader effort to encourage more companies to go public in hopes of reversing the decades-long decline in the number of public companies globally.