The Securities Exchange Commission (SEC) investigation of and the action taken against MDC Partners Inc. (“MDC”) and its former Chief Executive Officer, Miles S. Nadal (“Nadal”), underscore the importance of proper disclosure of executive compensation. Between 2009 and 2014, MDC disclosed in its proxy statements some, but not all, of the perquisites paid on Nadal’s behalf. The estimated $11.285M worth of perquisites that MDC failed to disclose included private aircraft usage, club memberships, cosmetic surgery, yacht and sports car related expenses, jewelry, charitable donations, pet care and personal travel expenses. READ MORE