Cos. Scramble To Prepare For Say-On-Pay Rules

Law360, New York (June 29, 2010, 2:22 PM EDT) -- U.S. companies are racing to identify and address concerns in their executive compensation practices in anticipation of pending financial regulatory reform legislation's new say-on-pay rules, according to a new survey.

Only about 12 percent of the 251 publicly traded and privately held companies surveyed by global professional services company Towers Watson said they were “well-prepared” to handled the new rules on executive compensation disclosure, shareholder proxy access and independent compensation consultants that could become law if Congress votes in the coming weeks to enact H.R. 4173,...
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