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Section 954 of the Dodd-Frank Act requires the SEC to direct national securities exchanges to prohibit the listing of public companies that, among other things, do not develop and implement a policy providing for the recovery of erroneously paid incentive-based compensation following a required accounting restatement
In connection with the SEC's proposed rulemaking requiring public companies to hold say-on-pay votes as required by the Dodd-Frank Act, the SEC has also proposed rules which will require institutional investment managers to annually report their votes cast on say-on-pay and other matters
