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On July 1, 2009, the Securities and Exchange Commission unanimously voted to propose for public comment changes to the proxy rules to comply with the provisions of the Emergency Economic Stabilization Act of 2008, as amended by the American Reinvestment and Recovery Act of 2009 ("EESA"), requiring registrants receiving financial assistance under the Troubled Asset Relief Program ("TARP") to hold non-binding shareholder advisory votes on executive compensation (the so-called "say-on-pay" requirement
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Workarea - Capital Markets
Workarea - Banking
Firm Name - Paul, Weiss, Rifkind, Wharton & Garrison LLP
