Say On Pay: The Dodd Frank Act Challenges Executive Compensation -- Keith Bishop Video Blog
Dodd-Frank adds a new section 14A to the Securities Exchange Act of 1934 ("Exchange Act") related to executive compensation. It provides that a proxy for a meeting of shareholders for which Securities and Exchange Commission ("Commission") proxy rules require compensation disclosure1 must include, not less frequently than once every three years, a resolution subject to shareholder vote to approve the compensation of executives as disclosed pursuant to Item 402 of Regulation S-K.