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Dodd-Frank: First Impressions

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Expert Perspective by Grahall’s Garry Rogers

Daniel J. Ryterband prepared a good summary of the compensation and corporate governance implications of the Dodd-Frank bill in his July 16, 2010 article Dodd-Frank: What It Means for Comp and Governance published in Bloomberg.com’s Business Exchange.

Ryterband says: “The Dodd-Frank law will affect executive compensation and corporate governance starting in 2011 with the “say on pay” provision. Other elements will come into play as the SEC issues new regulations.”

Until the new regulations are issued by the SEC, it is difficult to predict how broad an impact the changes will have, but this fact is telling – the SEC has plans to add 800 additional staff on top of the 375 it had already requested for the coming year. Together, this would represent a 25% increase in staff size to 5,000 employees, up from the current 3,800. 
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