SEC Issues Proposed Rules to Implement ‘Say on Pay’ and Golden Parachute Votes Mandated by Dodd-Frank

On October 18, 2010, the Securities and Exchange Commission (SEC) proposed new rules and amendments to existing rules to implement "Say on Pay" and "Golden Parachute" votes mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).

The proposing release, available at http://www.sec.gov/rules/proposed/2010/33-9153.pdf, requests public comment on numerous aspects of the proposed rules on or before November 18, 2010.

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This GT Alert was written by Ira N. Rosner. Questions about this information can be directed to Mr. Rosner  at  305.579.0500, or to your GreenbergTraurig  attorney. ©2010 Greenberg Traurig, LLP. All rights reserved. This Greenberg Traurig Alert is issued for informational purposes only and is not intended to be construed or used as general legal advice. Please contact the author(s) or your Greenberg Traurig contact if you have questions regarding the currency of this information.