Reporting on Proxy Votes on Executive Compensation

The SEC issues a proposed rule on the reporting requirements for reporting on proxy votes on executive compensation and other issues.

Document Excerpt

 

SUMMARY: The Securities and Exchange Commission is proposing rule and form amendments under the Securities Exchange Act of 1934 and the Investment Company Act of 1940 that, if adopted, would require an institutional investment manager that is subject to Section 13(f) of the Securities Exchange Act to report annually how it voted proxies relating to executive compensation matters as required by Section 14A of the Securities Exchange Act, which was added by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Link http://www.sec.gov/rules/proposed/2010/34-63123.pdf

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