Say No More — For Now

Law360, New York (November 13, 2013, 12:57 PM EST) -- Over the past 18 months, public companies have drafted their annual proxy statements knowing that they could become the next target of a new wave of disclosure lawsuits. Those suits have challenged the adequacy of disclosures on executive compensation in connection with say-on-pay votes mandated by Section 951 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, as well as votes on amendments to stock incentive plans.[1]

Public companies have been concerned that no matter the quality of disclosure, and regardless of a proxy statement’s...
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