SEC to Review Performance of Boards in Financial Crisis

SEC to Review Performance of Boards in Financial Crisis

Client News
The deepening of the financial crisis is creating renewed Congressional and regulatory interest in risk management practices of companies. The recent shifts in executive compensation and corporate governance standards announced by Treasury Secretary Timothy Geithner for the Troubled Asset Relief Program and the new compensation and governance provisions in the American Recovery and Reinvestment Act of 2009 reflect a mood in Washington that signals a far more rigorous review of corporate accountability and oversight. For more on these performance reviews, see our recent Email Alert.

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