SEC Adopts Enhanced Compensation and Governance Disclosure Requirements
December 2009
Colin J. Diamond, Mark T. Hamilton, Gary Kashar
DOWNLOAD PDF: SEC Adopts Enhanced Compensation and Governance Disclosure Requirements
On December 16, 2009, the Securities and Exchange Commission adopted new rules providing for enhanced compensation and corporate governance disclosure in proxy statements of domestic issuers. The new rules become effective on February 28, 2010 and require enhanced disclosures regarding a company's compensation policies as they relate to risk-taking, fees paid to compensation consultants, qualifications of board members, board leadership structure and risk oversight role, and board diversity considerations. The new rules also require more rapid reporting of shareholder voting results.
This Client Alert is provided for your convenience and does not constitute legal advice. It is prepared for the general information of our clients and other interested persons. This Alert should not be acted upon in any specific situation without appropriate legal advice, and it may include links to websites other than the White & Case website. White & Case LLP has no responsibility for any websites other than its own, and does not endorse the information, content, presentation or accuracy, or make any warranty, express or implied, regarding any other website.
This Client Alert is protected by copyright. Material appearing herein may be reproduced or translated with appropriate credit.
© 2009 White & Case LLP
|