Having digested the first wave of news about the Dodd-Frank Act, many companies are now digging more deeply into the issues that most directly affect them. WilmerHale has planned a series of focused, in-depth conversations about issues that boards and management have identified as most important for their companies.
The first program in this series will address:
- Say-on-Frequency: A unique provision in the law will require shareholders to decide whether say-on-pay votes should be held every one, two or three years. Should boards recommend annual, biennial or triennial say-on-pay votes?
- Clawbacks: The law requires companies to implement policies requiring executives to repay incentive compensation in the event of a restatement. How will the new clawback provision mesh with companies' existing clawback arrangements?
- Whistleblowers: The act expands the existing whistleblower law, most notably to require the SEC to pay bounties to whistleblowers in certain circumstances. How will this affect the SEC's enforcement activities, and should companies make changes to their compliance programs in light of the new bounty provisions?
