Final Rules On Say-On-Pay, Frequency On Say-On-Pay And Golden Parachute Advisory Votes Under The Dodd-Frank Act


On January 25, 2011, the SEC adopted final rules on shareholder approval of executive compensation and golden parachute compensation under the Dodd Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act"). The final rules clarified several comments raised with the proposed rules, but also made some important changes. The following are a few of the main changes and clarifications regarding the advisory votes from the proposed rules.

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