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SEC adopts "say-on-pay" and golden parachute voting rules

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • February 28 2011

As required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, enacted in July 2010, the Securities and Exchange Commission adopted rules governing advisory shareholder votes regarding executive compensation ("say-on-pay") and "golden parachute" arrangements