The Treasury has announced the development of the executive compensation and corporate governance standards that will apply under its Economic Stabilization program.
Document Excerpt
The U.S. Treasury Department today announced the development of three programs under the Emergency Economic Stabilization Act and corresponding executive compensation and corporate governance standards. These standards generally apply to the chief executive officer, chief financial officer, plus the next three most highly compensated executive officers. Any firm participating in the following three programs will be required to adopt these standards.
Link http://www.treas.gov/press/releases/2008101495019994.htm
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