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Tag >> Latham & Watkins
Jan 27
2011

First shot fired over Say on Pay

Posted by Stephen Taub in Say on PayMonsantoLatham & WatkinsDodd Frank ActDodd Frankcompliance

Stephen Taub

Shareholders and companies are on course for a major showdown over one of the provisions of the new Say on Pay mandate under the Dodd-Frank financial reform bill.

Under the rule, which the SEC made official earlier this week, companies must hold an advisory vote on its compensation table. This is a non-binding up or down approval for the entire group of executives.

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