• What the Financial Reform Act Means for Public Companies
  • August 3, 2010 | Author: Troy M. Calkins
  • Law Firms: Drinker Biddle & Reath LLP - Chicago Office ; Drinker Biddle & Reath LLP - Philadelphia Office
  • President Barack Obama signed the Investor Protection and Securities Reform Act of 2010 (the Act), also known as the Dodd-Frank Wall Street Reform and Consumer Protection Act, into law on July 21, 2010. Among many other reforms, the Act provides for a number of important changes to the federal securities laws regarding corporate governance and executive compensation, and also includes an invitation for the SEC to consider reducing the burden on smaller public companies of certain of the Act’s new provisions, as well as of several existing provisions under the securities laws.