Dodd-Frank.com

Developments in Securities Regulation, Corporate Governance, Capital Markets, M&A and Other Topics of Interest

Preparing for Say-on-Pay

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The Dodd-Frank Wall Street Reform and Consumer Protection Act will require listed public companies to hold periodic say-on-pay shareholder votes.  Say-on-pay votes are non-binding votes on the compensation of an issuer’s executive officers.  Ethan has posted an example of a say-on-pay vote here.   A  June 2010 Towers Watson survey found that... Read More

Topics: Public Companies and Securities

What Does a Say-On Pay Vote Look Like?

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Under the Dodd-Frank Act, listed issuers will be required to include a say-on-pay vote for any shareholder meeting occurring on or after January 21, 2011.  A say-on-pay-vote is a nonbinding shareholder vote on an issuer’s executive compensation.  Financial institutions that were recipients of funds under the Troubled Asset Relief Program,... Read More

Topics: Public Companies and Securities

SEC and CFTC to Hold Roundtable on Governance and Conflicts of Interest in Clearing and Listing of Swaps

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On August 20, 2010, commencing at 9:00 a.m. and ending at 12:00 p.m., staff of the SEC and CFTC (the “Agencies”) will hold a public roundtable discussion at which invited participants will discuss governance and conflicts of interest in the context of certain authority that Sections 726 and 765 of the Dodd-Frank... Read More

Topics: Banking, Energy, Insurance, Public Companies and Securities

Summary of Corporate Governance Provisions in the Dodd-Frank Act

Set forth below is a summary of the principal corporate governance and corporate finance provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act” or the “Act”) for non-financial institutions. Voting by Brokers. Under Section 957 of the Dodd-Frank Act, national securities exchanges are required to... Read More

Topics: Public Companies and Securities

Insurance Group Responds to Dodd-Frank Act

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The National Association of Mutual Insurance Companies (NAMIC) issued this press release in response to the Dodd-Frank Act.  As we noted here, Dodd-Frank establishes a new agency, the Federal Insurance Office (FIO).  According to NAMIC, “the FIO will play an important role in helping guide federal policy and trade negotiations... Read More

Topics: Insurance

The Great FOIA Debate

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Section 929I of the Dodd-Frank Act which provides an exemption from the Freedom of Information Act in certain circumstances has sparked a great deal of controversy.  The controversy in part was sparked when SEC Chairman Mary Shapiro sent a letter to Barney Frank outlining what many thought was an overly... Read More

Topics: Public Companies and Securities