Final Guidance on Sound Incentive Compensation Policies (June 25, 2010) resource Agency Guidances OCEG Reviewed
75 Federal Register 36395 (June 25, 2010)
Agencies: Office of the Comptroller of the Currency, Treasury (OCC); Board of Governors of the Federal Reserve System, (Board or Federal Reserve); Federal Deposit Insurance Corporation (FDIC); Office of Thrift Supervision, Treasury (OTS).
DOD, GSA - Reporting Executive Compensation and First-Tier Subcontract Awards (FAR Case 2008–039) (July 8, 2010) resource National Regulations OCEG Reviewed
75 Federal Register 39414 (July 8, 2010)
Corporate Governance and Executive Compensation Provisions of the Dodd-Frank Act (July 2010) resource Articles OCEG Reviewed
Harvard Law School Forum on Corporate Governance and Financial Regulation (July 8, 2010)
Brief Summary of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 resource National Laws OCEG Reviewed
Summary in Brief of the Act by the Senate Banking Committee.
Separation Pay Arrangements Under Section 409A (July 2010) resource Articles OCEG Reviewed
Section 409A of the American Jobs Creation Act of 2004 mandates specific requirements for nonqualified deferred compensation plans in order for recipients of the deferred compensation to avoid the immediate inclusion in income of vested benefits, the imposition of a 20 percent penalty, and an interest charge.
The Metropolitan Corporate Counsel; Minich, Dennis A.; July 5, 2010
Dodd-Frank Act mandates new corporate governance and executive compensation requirements (July 2010) resource Articles OCEG Reviewed
Introduction: On July 21, 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”). In addition to changes affecting financial service companies, the Act includes a number of corporate governance and executive compensation provisions that apply to all publicly traded companies (subject to exemptions for smaller issuers).
Executive Compensation and the Wall Street Reform and Consumer Protection Act (Littler, July 2010) resource Articles OCEG Reviewed
Introduction: On July 21, 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act (H.R.
Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111-203, H.R. 4173 (111th Congress, 2010) resource National Laws OCEG Reviewed
On July 21, 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act (H.R.
FLSA, Fact Sheet #17H: Highly-Compensated Workers and the Part 541-Exemptions Under the Fair Labor Standards Act (Rev. 2008) resource Agency Guidances Member contributionOCEG Reviewed
The FLSA requires that most employees in the United States be paid at least the federal minimum wage for all hour worked and overtime pay at time and one-half the regular rate of pay for all hours worked over 40 in a workweek.
Fact Sheet #17B: Exemption for Executive Employees Under the Fair Labor Standards Act (FLSA) resource Agency Guidances Member contributionOCEG Reviewed
This fact sheet provides general information on the exemption from minimum wage and overtime pay provided by Section 13(a)(1) of the Fair Labor Standards Act as defined by Regulations, 29 CFR Part 541.
SEC Adopts Rules for Say-on-Pay and Golden Parachute Compensation as Required Under Dodd-Frank Act (January 2011) resource Articles OCEG Reviewed
Jan. 25, 2011 — The Securities and Exchange Commission adopted rules concerning shareholder approval of executive compensation and "golden parachute" compensation arrangements as required under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
SEC Issues Proposed Rules on Say-on-Pay Voting and Disclosures (2010) resource Articles OCEG Reviewed
Summary: On October 18, 2010, the Securities and Exchange Commission issued proposed rules implementing the say-on-pay provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The proposed rules clear up many issues on say-on-pay left unanswered by the Reform Act and expand issuer disclosure obligations in ways not required by the Act.
SEC, Proposed Rule: Shareholder Approval of Executive Compensation and Golden Parachute Compensation (2010) resource National Regulations OCEG Reviewed
Summary: We are proposing amendments to our rules to implement the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to shareholder approval of executive compensation and ‘‘golden parachute’’ compensation arrangements.
Five 'Say-on-Pay' Lessons (July 2011) resource Articles OCEG Reviewed
The first proxy season since the Dodd-Frank say-on-pay compensation provision took effect has completed. This articles takes a look at the reviews and actions of the season and sets out five "lessons" on executive compensation, each discussing various aspects of 'say-on-pay' policy and compliance.
Business Week, July 29, 2011
CEO Compensation (April 2010, Rev. Nov. 2010) resource White Papers OCEG Reviewed
Abstract: This paper surveys the recent literature on CEO compensation. The rapid rise in CEO pay over the past 30 years has sparked an intense debate about the nature of the pay-setting process. Many view the high level of CEO compensation as the result of powerful managers setting their own pay.
SEC, Shareholder Approval of Executive Compensation and Golden Parachute Compensation (Final Rule, 2011) resource National Regulations OCEG Reviewed
Summary: The SEC is adopting amendments to implement the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to shareholder approval of executive compensation and “golden parachute” compensation arrangements.
Incentive-Based Compensation Arrangements, Proposed Rule (April 14, 2011) resource National Regulations OCEG Reviewed
SUMMARY: The OCC, Board, FDIC, OTS, NCUA, SEC, and FHFA (the Agencies) are proposing rules to implement section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Executive Compensation Outlook (2010) resource Articles OCEG Reviewed
Business Week, June 1, 2010
Introduction: The year 2010 may be remembered for its impact on the design and governance of chief executive and senior executive compensation programs, particularly if financial system reform becomes law. In light of all this, what issues are boards and compensation committees facing today, and what will they see in the near future?
