Corporate Governance


  The SEC proposed three measures that provide more shareholder scrutiny of executive pay. One rule would require public companies receiving money from the Troubled Asset Relief Program (TARP) to provide a shareholder vote on executive pay in their proxy solicitations. The SEC also voted to propose better disclosure of executive compensation at public companies in their proxy statements and approved a New York Stock Exchange rule change to prohibit brokers from voting proxies in corporate elections without instructions from their customers. Comments are due within 60 days of its publication in the Federal Register.

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