TITLE

Say-on-Pay Rules Include Delay for Small Companies

AUTHOR(S)
Aguilar, Melissa Klein
PUB. DATE
March 2011
SOURCE
Compliance Week;Mar2011, Vol. 8 Issue 86, p14
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the issuance of the final rules by the Securities and Exchange Commission (SEC) which will implement mandatory say-on-pay votes for public firms in the U.S. The rule has been derived from Section 951 of the Dodd-Frank Act which covers the approval of the executive pay, and approval of the golden parachute agreements in connection with mergers and acquisitions. The say-on-pay votes will be used at the first annual shareholder's meeting on or after January 21, 2011.
ACCESSION #
58658032

 

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