Dodd-Frank still affects proxy season heading into 2013
As originally published in the Daily Business Review on January 25, 2012:
It’s proxy season, and public companies about to hold annual meetings must take into account the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, specifically its rules for proxy materials.
Those rules are very much in flux. Given the extensive number of them in the Securities and Exchange Commission must still adopt, Dodd-Frank is likely to impact public companies though at least the 2013 proxy season.
In 2011, most public companies were required to hold an initial shareholder advisory vote on executive compensation, or say-on-pay, and determine the frequency of future say-on-pay votes, or say-on-when.
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