The Davis Polk Financial Crisis Manual has been written for anyone who wants to understand the flurry of new legislation, old law used in new ways, contracts with Treasury, press releases...
On July 16, 2009, the Treasury Department proposed additional legislation as part of the Investor Protection Act of 2009[1] (the “Act”), titled Subtitle D – Executive Compensation (...
On July 10, 2009, the Securities and Exchange Commission (SEC) issued a proposed rule that would amend the compensation disclosure requirements in Regulation S-K.
The SEC voted today (3-2) to eliminate broker discretionary voting in director elections for meetings held on or after January 1, 2010. Previously, brokers were permitted to vote uninstru...
The Obama Administration’s White Paper on Financial Regulatory Reform is just the beginning of what is likely to be a legislative, regulatory and ideological marathon, despite the Admin...
On June 10, 2009, the U.S. Department of Treasury issued regulations implementing the compensation requirements under the American Recovery and Reinvestment Act of 2009 (ARRA), which amen...
Yesterday, various agencies of the Federal government announced or released pronouncements and guidance affecting executive compensation and corporate governance. While some are focused o...
Senator Charles Schumer recently introduced a bill, The Shareholder Bill of Rights Act of 2009, which if adopted would impose new corporate governance requirements on U.S. public companie...
It’s proxy time, and business reporters are riding their favorite seasonal hobby horse: executive compensation. This year’s stories are colored by the current financial and business c...
On March 14, 2009, news media reported that American International Group, which had received more than $170 billion in government assistance under TARP, would honor obligations to pay app...
