Archive September 2010

SEC Timeline for Implementing Dodd-Frank Act Requirements

The SEC has released a timeline for implementing the Dodd-Frank Act requirements it has responsibility over. The full timeline can be found HERE.

Here is a summary of the timing for SEC action regarding executive compensation provisions:

October — December 2010

  • §951: Propose rules regarding shareholder votes on executive compensation, golden parachutes
  • §951: Propose rules regarding disclosure by investment advisers of votes on executive compensation
  • §952: Propose exchange listing standards regarding compensation committee independence and factors affecting compensation adviser independence; propose disclosure rules regarding compensation consultant conflicts

January — March 2011

  • §951: Adopt rules regarding shareholder votes on executive compensation, golden parachutes
  • § 951: Adopt rules regarding disclosure by investment advisers of votes on executive compensation

April — July 2011

  • §952: Adopt exchange listing standards regarding compensation committee independence and factors affecting compensation adviser independence; adopt disclosure rules regarding compensation consultant conflicts
  • §§953 and 955: Propose rules regarding disclosure of pay-for-performance, pay ratios, and hedging by employees and directors
  • §954: Propose rules regarding recovery of executive compensation
  • §957: Propose rules defining “other significant matters” for purposes of exchange standards regarding broker voting of uninstructed shares

Participate in Exequity’s Survey on Peer Groups

Today Exequity launched its latest Quick-Take Survey on Peer Groups. The survey should take about 10 minutes to complete and seeks to understand how companies use peer groups to benchmark executive positions.

The survey will close Friday, September 24, 2010. Please make sure you respond to the survey before then if you wish to participate and receive a copy of the survey results.

Click HERE to take this survey.