from Meridian Compensation Partners, LLC
On July 15, 2010, the Senate passed the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) which now goes to the President for his expected signature. The legislation includes significant provisions relating to executive compensation and corporate governance. Many of these provisions require action by the Securities and Exchange Commission (SEC) to become effective. In that regard, SEC chair Mary Schapiro in a recent speech indicated that the SEC will move quickly to issue regulations required under the Dodd-Frank Act.
The executive compensation and corporate governance provisions of the Dodd-Frank Act cover the following matters:
- Say on Pay
- Compensation Committee Standards
- Proxy Disclosures
- Proxy Access
- Mandatory Recoupment (Clawback) Provision
- Ban on Non-Directed Broker Votes
- Financial Institution Pay Regulations
Continue reading Summary of the Executive Compensation and Corporate Governance Provisions of the Dodd-Frank Act.
About Meridian Compensation Partners, LLC
Meridian Compensation Partners, LLC is an independent executive compensation consulting firm wholly owned and operated by its partners. Founded in 2010 by former principals of Hewitt Associates, Meridian is one of the largest independent consultancies providing trusted counsel to Boards and senior management at preeminent organizations in the U.S. and Canada. We have the talent and depth to provide our clients with a full range of executive compensation and corporate governance advisory services, with individualized attention for each and every client. www.meridiancp.com
topic tags: board of directors, compensation, corporate governance