Securities Alert: SEC Adopts Final Say-on-Pay Rules
2/8/2011
Advisory Votes on Executive Compensation, “Golden Parachute” Compensation, and Frequency of the Executive Compensation Vote
By Megan N. Gates, Pamela B. Greene, and Asya S. Alexandrovich
The Securities and Exchange Commission (SEC) has adopted final rules regarding shareholder advisory votes on executive compensation and “golden parachute” compensation arrangements, implementing certain provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act). The SEC proposed these rules on October 18, 2010 and adopted them substantially as proposed, with some modifications and clarifications.
