Tracking Exec Compensation In A Say-On-Pay World

Law360, New York (February 29, 2012, 1:42 PM EST) -- In 2010, the Dodd-Frank Act rolled out a host of corporate reforms intended to rein in excessive risk-taking of the sort that led to the collapse of Wall Street titans Lehman Brothers and Bear Stearns. Congress cast a wide net over the target, covering a vast territory beyond complex derivatives trading at financial institutions. The centerpiece of the act’s compensation-related reforms requires all U.S. public companies to give their shareholders a nonbinding, up-or-down vote on executive compensation, commonly known as “say-on-pay.”

During the inaugural year of...
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