SEC approves say on pay

Comments (0) | 25 Jan 2011 | Rating | Print by Tim Human

Commission hands advisory vote on pay to shareholders after tight vote, although smaller companies will be exempt for two years

The SEC has approved rules that give shareholders the right to an advisory vote on pay at annual meetings.

The proposals, which stem from last year’s Dodd-Frank Act, were passed by three votes to two this morning and will be effective for this year’s AGM season.

Smaller companies ...

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