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Overview of Recent Legislative Initiatives Regarding Compensation Matters and Stockholder Rights by Philip B. Schwartz
Akerman Senterfitt - Miami Office
Kenneth G. Alberstadt
Akerman Senterfitt - New York Office
Andrew Schwartz
Akerman Senterfitt - Miami Office
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September 15, 2009
Previously published on September 8, 2009
A wave of populist anger that surged during the economic downturn has resulted in several proposed federal legislative solutions to address what some have perceived as an issue of excessive executive compensation and risk taking. Each of these legislative proposals also includes one or more provisions that would require public companies to adopt corporate governance practices which some stockholders argue are long overdue, including stockholder access to the proxy statement and required "say-on-pay" stockholder votes. Five pieces of legislation have been filed to date.
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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