Executive Compensation and Corporate Governance Provisions of the Dodd-Frank Act

The AGG Securities and Corporate Governance Practice Team published an AGG Client Alert titled, “Executive Compensation and Corporate Governance Provisions of the Dodd-Frank Act,” which was subsequently featured on the website Business Ethics: The Magazine of Corporate Responsibility. The Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”) took effect on July 21, 2010, and is considered to be one of the most comprehensive financial reforms of the US financial industry in years. The new legislation will significantly impact corporate governance and executive compensation practices for public companies and disclosure in the 2011 proxy season. The Client Alert details some of these provisions, including the “Say on Pay” advisory vote, executive compensation and employee and director hedging disclosures, clawback provisions, and proxy access. To read the Client Alert on the Business Ethics website, please click here.