Companies will have to reveal more information about how much they pay their top executives, under expanded requirements being imposed by federal regulators amid a public outcry over compensation.

The Securities and Exchange Commission also is changing a formula that critics say allowed companies to understate how much their senior executives are paid. At issue is how public companies report stock options and stock awards in regulatory filings. Such awards often make up most of top executives' pay.

Company policies that encouraged excessive risk-taking and rewarded executives for delivering short-term profits were blamed for fueling the financial crisis. The Obama administration imposed pay curbs on banks that received federal bailout money. Since then, eight of the largest such banks have repaid, or said they will repay, their federal money largely to escape caps on executive pay.

The Federal Reserve has given the 28 biggest U.S. banks _ including Goldman Sachs, JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp. and Wells Fargo & Co. _ a February deadline for submitting 2010 compensation plans. The Fed also will be encouraging, though not requiring, banks to revise this year's pay plans if they are out of step with principles the Fed has proposed to limit risk.

Anger over lavish Wall Street pay has led some U.S. banks to take pre-emptive action. Goldman Sachs, for example, has said it won't give cash bonuses to 30 top executives. Instead, they'll be paid in stock that can't be cashed in for five years.

The SEC is meeting Wednesday morning at 10 a.m. EST to adopt expanded disclosure rules for compensation at all public companies. The rules include information on how a company's pay policies might encourage too much risk-taking. SEC officials have said they want the new rules to be in place by spring, when companies send annual proxy disclosures to shareholders.

"It's going to force (companies) to think about these issues a decent amount," said Ray Russo, a corporate attorney at the law firm Paul, Weiss, Rifkind Wharton & Garrison.

Companies will have to disclose how pay is determined in departments involved in the riskiest activities _ or departments that produce a big chunk of company profits.

The new requirements were proposed by the SEC and opened to public comment in July. They build on rules the agency adopted in 2006.

"The turmoil in the markets during the past 18 months has reinforced the importance of enhancing transparency, especially with regard to activities that materially contribute to a company's risk profile," the SEC said when it floated the proposal last summer.