One year ago, President Obama signed into law the Dodd-Frank Act. While the Act focuses principally on changes to the financial regulatory system, several corporate governance, compensation, and disclosure provisions of the Act specifically target public companies of all types. In particular, in the past year, the SEC has adopted rules implementing the Say-on-Pay, Say-on-Frequency, and Say-on-Golden Parachute requirements of the Dodd-Frank Act. Final rules have also been adopted prohibiting broker discretionary voting on executive compensation matters. In addition, the SEC has proposed rules regarding compensation committee independence and the use of compensation consultants and other advisers, but has not yet adopted any final rules. Further, the SEC has proposed rules implementing the Specialized Corporate Disclosure provisions, but has not yet adopted final rules. Final action on these proposed rules and expected rules is planned for later this year.