Those interested in the governance and pay-related provisions under the Dodd-Frank Act got an update on the Securities and Exchange Commission’s progress and plans for putting those rules in place, courtesy of the head of the agency’s Division of Corporation Finance.
With the say-on-pay rulemaking proposals now out for comment, the Commission’s next governance-related Dodd-Frank rulemaking will be implementing Section 952, which requires the SEC to mandate new listing standards for compensation committees covering committee member independence and retention of consultants and advisers.
