On January 12th, the SEC published the adopting release and text of amendments to the proxy rules under the Securities Exchange Act of 1934, setting forth certain requirements for U.S. registrants subject to Section 111(e) of the Emergency Economic Stabilization Act of 2008. Section 111(e) requires companies that have received financial assistance under the Troubled Asset Relief Program to hold a separate shareholder advisory vote on executive compensation. The amendments implement this requirement by specifying and clarifying it in the context of the federal proxy rules. The amendments are effective 30 days after publication in the Federal Register, which is expected during the week of January 18. SEC Release No. 34-61335.