U.S. stock exchange operators, including Nasdaq and NYSE, are engaged in discussions with the Securities and Exchange Commission (SEC) to ease regulatory requirements for public companies. The talks aim to reduce the disclosure obligations and costs associated with going public, with the goal of attracting more highly valued startups to list on U.S. exchanges. Proposed reforms include scaling back the amount of information companies must disclose and potentially making it more difficult for minority investors to initiate challenges. Concurrently, the SEC is considering an overhaul of rules related to executive compensation disclosures, including aspects such as banker pay and bonus clawbacks. SEC Chairman Gary Gensler has described the current executive compensation disclosure framework as a "Frankenstein patchwork of rules," highlighting the need for reform. These developments reflect efforts by U.S. market regulators and exchanges to enhance the competitiveness and appeal of U.S. public markets.