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
Corporate Governance - King III report - Introduction and overview (PwC) resource Standards and Guidelines OCEG Reviewed
The release of King III (King Report on Corporate Governance for South Africa) report on 1 September 2009 represents a significant milestone in the evolution of corporate governance in South Africa and brings with it significant opportunities for organisations that embrace its principles. Documents on the site include:
EU, Corporate governance reform - consultation (2011) resource National Laws OCEG Reviewed
As part of a wider reform of EU corporate law, the Commission is now examining how to strengthen the rules and make them less dependent on self-regulation. Managers and boards of directors would be held more accountable for their decisions.
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.
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, 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.
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.
Objectives Of The Dodd-Frank Act (November 2010) resource Articles OCEG Reviewed
Introduction: President Barack Obama signed the Dodd-Frank Act into law on 21 July 2010. The main objective of the Act is to avert a repeat of the 2008 financial crisis by making financial institutions more accountable for their actions and by enhancing oversight of the industry to detect and prevent systemic risk before it reaches crisis level.
SEC, Mutual Fund Distribution Fees; Confirmations - Proposed Rule (August 2010) resource National Regulations OCEG Reviewed
The proposed rule and rule amendments are designed to protect individual investors from paying disproportionate amounts of sales charges in certain share classes, promote investor understanding of fees,eliminate outdated requirements, provide a more appropriate role for fund directors, and allow greater competition among funds and intermediaries in setting sales loads and distribution fees gene
AICPA, Technical Practice Aid 8700.03, “Auditor’s Responsibilities for Subsequent Events Relative to a Conduit Debt Obligor" (September 2010) resource Standards and Guidelines OCEG Reviewed
The TPA provides guidance on the effect of FASB Accounting Standards Update no. 2010-09 on ASC Topic 855, Subsequent Events, regarding the auditor’s responsibilities for subsequent events relative to a conduit debt obligor and the date of the auditor’s report.
