SEC: Rules give shareholders more input
Shareholders would get a bigger say on executive compensation under proposed SEC rules floated recently. The rules’ provisions…
Shareholders would get a bigger say on executive compensation under proposed SEC rules floated recently. The rules’ provisions would require public companies to provide shareholders with an advisory vote on executive compensation and an advisory vote on the desired frequency of those votes; provide shareholders with an advisory vote on so-called golden parachutes in merger transactions; and provide additional disclosure of golden parachute arrangements in merger proxy statements. Comments on the proposals were due last month. For more information, read Shareholder Approval of Executive Compensation and Golden Parachute Compensation and Reporting of Proxy Votes on Executive Compensation and Other Matters.
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