Dodd Frank – Do You Know What You Need to Know?

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Expert Perspective from Grahall’s Garry Rogers
 
The Dodd-Frank Wall Street Reform and Consumer Protection Act is aimed dead center at the heart of the financial services industry and contains substantial changes regarding the determination and reporting of executive pay and corporate governance.   These changes will impact all public filers.
 
Over the next few weeks we will highlight some of the more interesting, unusual and controversial issues in the legislation.  For example, “Say-on-Pay” is now mandatory for all public filers.  Changes are effective on January 21, 2011 (6 months from the date the Act was signed).  Did you know that Dodd-Frank will require that institutional investment managers be required to report no less than annually how they voted on the Say On Pay proposal, even though, starting in 2011, shareholders at most public companies will determine whether the advisory vote is to occur annually, biennially, or triennially. 
 
For a fuller discussion of Dodd-Frank’s new rules with respect to pay and governance read Grahall’s Regulatory Client Advisory DODD-FRANK FINANCIAL REFORM LAW CONTAINS SIGNIFICANT COMPENSATION CHANGES POTENTIALLY AFFECTING ALL PUBLIC FILERS.
 
For more information on Dodd Frank and how you may be impacted contact Garry Rogers at garry.rogers@grahall.com

Click here to access other important information for CEO’s.

Click here to access other important information for executives.

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