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Corporate governance: Dodd-Frank's compensation tremors

Feb 23 2011 Erik Krusch, Business Law Currents

With proxy season now upon us, we see it as our job to keep you informed of the issues which will, by all early indications, rise up as the top corporate governance issues for 2011. After the governance challenges of 2010, including the enactment of Dodd-Frank and heightened shareholder activism, this year's proxy statements require a new degree of foresight and strategy. To help you as you prepare your filings, we have launched our 2011 Corporate Governance series, covering issues that are sure to arise throughout the 2011 proxy season. Browse all articles in the Proxy 2011 redline here. The SEC will not finish proposing its corporate governance rules until later this year, but companies from Starbucks to Schlumberger aren't waiting. Via timely disclosures, companies are getting an early start on Dodd-Frank compliance, even while proxy uncertainty remains. This, in addition to rules that the SEC has delivered relating to Dodd-Frank mandated advisory votes for say-on-pay and golden parachutes.

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