Over the last year, the Dodd-Frank Act has kept compliance functions busy with a steady stream of new regulations, including shareholder advisory votes on executive pay, expanded whistleblower rules, and compensation committee independence, not to mention reams of proposals on derivatives and swaps. Yet, we’re really not that far down the Dodd-Frank path, either.
Dodd-Frank hit its one-year anniversary last week on July 21. The Securities and Exchange Commission, responsible for making many of the rules to carry out the law, is struggling, since many of the rules were slated to go into effect at the one-year mark; many have been pushed back as the SEC has fallen behind several deadlines outlined in the law.
