Say on Pay - ERI Economic Research Institute...
On October 18th, the Securities and Exchange Commission proposed rules
that would allow shareholders to cast advisory votes on executive compensation in public companies subject to the federal proxy rules. If the proposed rules are enacted, regulated companies will be required to provide shareholders with an advisory vote on executive compensation and compensation arrangements related to merger transactions (golden parachutes). Institutional investors would be required to report their votes on executive compensation and golden parachute arrangements
at least annually.
The proposed rules implement the Dodd-Frank Act, which requires that the advisory votes must take place at least once every three years beginning with the first annual shareholders’ meeting held after January 21, 2011. The companies would also be required to let shareholders cast a non-binding vote on whether the advisory votes would take place annually, every other year or every three years. The proposed rules also require additional disclosure of golden parachute arrangements with executive officers in connection with merger transactions, going-private transactions and third-party tender offers. Companies would be required to provide an advisory vote to approve some of these golden parachute arrangements.
that would allow shareholders to cast advisory votes on executive compensation in public companies subject to the federal proxy rules. If the proposed rules are enacted, regulated companies will be required to provide shareholders with an advisory vote on executive compensation and compensation arrangements related to merger transactions (golden parachutes). Institutional investors would be required to report their votes on executive compensation and golden parachute arrangements
at least annually.
The proposed rules implement the Dodd-Frank Act, which requires that the advisory votes must take place at least once every three years beginning with the first annual shareholders’ meeting held after January 21, 2011. The companies would also be required to let shareholders cast a non-binding vote on whether the advisory votes would take place annually, every other year or every three years. The proposed rules also require additional disclosure of golden parachute arrangements with executive officers in connection with merger transactions, going-private transactions and third-party tender offers. Companies would be required to provide an advisory vote to approve some of these golden parachute arrangements.
1 comment:
This is a world-class write up! I am happy that at least somebody gave this subject an attention. People should understand its importance as well…
Resume Objectives
Post a Comment