They’re here: The Securities and Exchange Commission has proposed rules requiring companies subject to the federal proxy rules to give shareholders advisory votes on executive compensation and “golden parachute” arrangements, and to require institutional investment managers to report on their votes on executive compensation and “golden parachute” arrangements.
That’s in line with the Commission’s expected rulemaking schedule under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Comments on both proposals are due by Nov. 18.
