Effects of the New Compensation and Corporate Governance Rules on the 2010 Proxy Season
January 5, 2010
On December 16, 2009, the U.S. Securities and Exchange Commission adopted final rules that augment and revise the compensation and corporate governance disclosure requirements applicable to U.S. public companies. The new rules also require more rapid reporting on Form 8-K of shareholder voting results. The new rules, which amend Regulation S-K Items 401, 402 and 407, and add new Item 5.07 to Form 8-K, are effective February 28, 2010. Companies subject to the new rules should promptly incorporate compliance with these new rules into their proxy planning for 2010.
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