Financial Reform 101: For Executives

Law360, New York (July 23, 2010, 11:45 AM EDT) -- On July 21, 2010, after months of debate and controversy, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law. This article focuses on the aspects of the act that will most directly impact publicly traded companies: changes relating to corporate governance and executive compensation.

Many of these provisions are not self-effectuating, but instead will require the U.S. Securities and Exchange Commission to engage in the process of issuing rules to implement the intent of Congress. Accordingly, many of the specific...
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