Proxy season is in its final months and little has changed in the way of measures to curb excessive executive compensation. So, what have the new rules really accomplished? Well, it now takes companies much longer to create compliant disclosures at additional cost to shareholders. And while the disclosures may be written in easier English than the original ones, they are still very far from perfect. In fact, it is rather unlikely that the average investor would take the time to read through the hundreds of pages of documentation.

So, what can investors do? Well, there are several new services out there that help evaluate executive compensation and break it down in numbers easier to digest for the average investor. ExecutiveDisclosure.com assists in evaluating executive compensation by offering two types of comparisons: Pay Vs. Performance and Pay Vs. Peer Pay. Pay versus performance measures the percentage increase in stock prices versus the percentage increase in compensation. Obviously, if pay is outpacing perforance, there is a problem. Meanwhile, the peer comparison gives an initial basis for comparison.

In the end, the SEC still has a long way to go until executive compensation is readable for the average investor. Until then, services like ExecutiveDisclosure.com may be the best option for investors.