SEC Promulgates Guidance on “Say On Pay”

On January 25, 2011, the Securities and Exchange Commission finalized its “Say on Pay” guidance, as required by the Dodd-Frank banking bill that was passed by Congress last summer. The text of the rules can be found at http://www.sec.gov/rules/final/2011/33-9178.pdf. The SEC’s guidance, consistent with Dodd Frank, requires that public reporting [...]