Administration Proposals on Compensation Committees and Say on Pay Would Affect All Public Companies

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On July 16, 2009, as a part an effort to move the Obama Administration’s regulatory reform agenda forward, the Treasury Department delivered draft legislation to Congress that would require enhanced compensation committee independence for listed public companies, as well as advisory votes on executive compensation.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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