Law360, New York (February 13, 2017, 10:32 AM EST) -- In January 2011, the U.S. Securities and Exchange Commission adopted final rules implementing provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to shareholder approval of executive compensation. Specifically, the SEC amended the Securities Exchange Act of 1934 by adding provisions to Section 14A, which, among other things, require public companies to conduct a shareholder advisory vote to approve the compensation of the company's named executive officers (the "say-on-pay vote"), and conduct a separate shareholder advisory vote to determine how often the say-on-pay vote should be held (i.e., every year, every other year or every three years) (the "say-on-frequency vote")....
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