View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML
SEC RIN: 3235-AK68 Publication ID: Spring 2011 
Title: Shareholder Approval of Executive Compensation and Golden Parachute Compensation 
Abstract: The Commission adopted revisions to the proxy rules to implement section 951 of the Dodd-Frank Act, which requires issuers to conduct a separate shareholder advisory vote: (1) to approve the compensation of executives; (2) to determine how often they will conduct such votes and (3) to approve golden parachute compensation arrangements when issuers are soliciting votes to approve merger or acquisition transactions. 
Agency: Securities and Exchange Commission(SEC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: Yes  Unfunded Mandates: No 
CFR Citation: 17 CFR 240.14a-21    17 CFR 240.14a-4    17 CFR 240.14a-6    17 CFR 240.14a-8   
Legal Authority: PL 111-203 sec 951    15 USC 78c(b)    15 USC 78m    15 USC 78n    15 USC 78w(a)    15 USC 78mm   
Legal Deadline:
Action Source Description Date
Final  Statutory  Statutory requirement for issuers to conduct separate shareholder advisory votes is effective six months from the date of enactment.  01/21/2011 
Timetable:
Action Date FR Cite
NPRM  10/28/2010  75 FR 66590   
NPRM Comment Period End  11/18/2010    
Final Action  02/02/2011  76 FR 6010   
Final Action Effective  04/04/2011    
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: www.sec.gov/rules/final/2011/33-9178.pdf  
RIN Data Printed in the FR: Yes 
Agency Contact:
Scott Hodgdon
Division of Corporation Finance
Securities and Exchange Commission
100 F Street NE,
Washington, DC 20549
Phone:202 551-3430