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Corporate Governance
: The Harvard Law School Corporate Governance BlogFinal SEC Rules on Say-on-Pay Voting and Disclosures
By Harvard Law School Program on Corporate Governance
The Securities and Exchange Commission released final rules implementing the say-on-pay provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act on January 25, 2011. [1]
The Dodd-Frank Act requires (1) a non-binding shareholder vote on executive compensation, (2) a non-binding shareholder vote on the frequency of the say-on-pay vote, (3) disclosure of ?golden parachute? arrangements in connection with specified change in control transactions, and (4) a non-binding shareholder vote on golden parachute arrangements in connection with these change in control transactions.
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Full post as published by The Harvard Law School Corporate Governance Blog on February 02, 2011 (boomark / email).
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