Furthermore, the Securities Exchange Commission (SEC, 2004), through its regulations SK—Item 402, requires a corporation to provide a clear, concise and understandable disclosure of all plan and non-plan compensation awarded to, earned by, or paid to its named executive officers. Some of the information required by this regulation includes: a summary compensation table which includes the name and principal position, the annual compensation (e.g., salary, bonus and other annual compensation) and information regarding any long-term compensation. Research in accounting disclosure and financial reporting on intangible assets in North America and the rest of world is ongoing.