Say-on-Pay Rules Include Delay for Small Companies

Aguilar, Melissa Klein
March 2011
Compliance Week;Mar2011, Vol. 8 Issue 86, p14
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.


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