How To Comply With Dodd-Frank's Say-On-Pay Provisions

Law360, New York (January 2, 2014, 1:48 PM EST) -- Section 951 of the Dodd-Frank Wall Street Reform and Consumer Protection Act amends the Securities Exchange Act of 1934, as amended (the “Exchange Act”) by adding new Section 14A (15 USCS § 78n-1) to provide for a nonbinding shareholder vote on executive compensation, the so called “say-on-pay vote.”

Section 14A(a)(1) requires that “[n]ot less frequently than once every three years, a proxy or consent or authorization for shareholder meeting for which the U.S. Securities and Exchange Commission’s proxy solicitation rules require compensation disclosure shall include a...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.