Stinson Leonard Street Dodd Frank

MAKING SENSE OF DODD-FRANK

The Dodd-Frank Act has broad and deep implications that will touch every corner of financial services and multiple other industries. This site, developed and maintained by attorneys at Stinson Leonard Street, is dedicated to making sense of this complex legislation and helping businesses understand how it will affect them specifically. Our Bloggers »

Dodd-Frank Executive Compensation

Tell the Comp Committee and Consultants the Auditors Will be Calling

financial statements

Executive Compensation, Public Companies and Securities We previously described a PCAOB reproposal regarding audit procedures for related party transactions.  A suggested audit procedure consisted of “Inquiries of the compensation committee chair and any compensation consultant regarding the structure of executive officer compensation.”  This part of the proposed standard was recently adopted by the PCAOB without any changes.  Subject to SEC approval,... Read more →

by   |   June 11, 2014

Shareholder Lawsuit About Compensation Plan Derails Annual Meeting

Executive Compensation, Litigation, Public Companies and Securities, Uncategorized An SEC registrant recently announced it had delayed its annual meeting from June 12, 2014 to September 11, 2014 because of this lawsuit. What’s the lawsuit about? Plaintiffs... Read more →

by   |   June 6, 2014

red tape

Volker Rule Costly to Banks Big and Small

Banking, Executive Compensation The OCC estimates that the costs associated with the Dodd-Frank propriety trading rule known as the Volcker Rule will range from $412 million to $4.3 billion. The OCC estimates... Read more →

by   |   March 23, 2014

golden parachute

Volker Rule Has Vague Guidance About Prohibited Compensation

Banking, Broker-Dealer, Employment, Executive Compensation The so-called Volker Rule, as required to be implemented by the Dodd-Frank Act, generally prohibits any banking entity from engaging in proprietary trading.  The final rule has... Read more →

by   |   December 10, 2013