U.S. Congress - S.2866 Corporate Executive Compensation Accountability and Transparency Act
S.2866 - Corporate Executive Compensation Accountability and Transparency Act
A bill to require greater disclosure of senior corporate officer compensation, to empower shareholders and investors to protect themselves from fraud, to limit conflicts of interest in determining senior corporate officer compensation, to ensure integrity in Federal contracting, to close corporate tax loopholes utilized to subsidize senior corporate officer compensation, and for other purposes. view all titles (2)
All Bill Titles
- Short: Corporate Executive Compensation Accountability and Transparency Act as introduced.
- Official: A bill to require greater disclosure of senior corporate officer compensation, to empower shareholders and investors to protect themselves from fraud, to limit conflicts of interest in determining senior corporate officer compensation, to ensure integrity in Federal contracting, to close corporate tax loopholes utilized to subsidize senior corporate officer compensation, and for other purposes. as introduced.
This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.
Bill's Views
- Today: 1
- Past Seven Days: 15
- All-Time: 4,751
|
|
|
|
|
|
|
|
Committees
Official Summary
4/15/2008--Introduced.Corporate Executive Compensation Accountability and Transparency Act - Amends the Internal Revenue Code to the limit annual aggregate amounts which may be deferred under nonqualified deferred compensation arrangements. Amends the Sarbanes-Oxley Act of 2002 to extend fOfficial Summary
4/15/2008--Introduced.Corporate Executive Compensation Accountability and Transparency Act - Amends the Internal Revenue Code to the limit annual aggregate amounts which may be deferred under nonqualified deferred compensation arrangements. Amends the Sarbanes-Oxley Act of 2002 to extend from 12 to 36 months the look-back period for any bonuses, incentive-based or equity-based compensation, or profits realized from the sale of securities which must be reimbursed to a securities issuer by its chief executive officer and chief financial officer if the issuer is required to prepare an accounting restatement because of material noncompliance, as a result of misconduct, with any financial reporting requirement. Requires the Securities Exchange and Commission (SEC) to promulgate regulations to ensure more effective enforcement of such forfeitures. Requires such regulations to cite specified illicit accounting irregularities. Amends the Securities Exchange Act of 1934 to require that any proxy, consent, or authorization for an annual (or special) meeting of shareholders provide for a separate nonbinding shareholder vote on executive compensation, especially executive compensation (golden parachute payments) based on or related to disposition of substantially all the assets of an issuer in an acquisition, merger, consolidation, sale, or other disposition. Directs the SEC to promulgate regulations:
(1) clarifying and strengthening requirements governing disclosure of compensation of consultants or advisors to a compensation committee; and
(2) requiring each company subject to its jurisdiction to disclose the full grant date present value of equity instruments used as executive compensation awards in the Summary Compensation Table of the company. Amends the Federal Property and Administrative Services Act of 1949 to require certain federal contractors to disclose their executive compensation structures. Requires Armed Forces defense procurement contracts also to disclose such structures.
...Read the Rest
Recent News Coverage
Hmmmm, no news coverage found for this bill at this time. This means that this this bill has not yet been mentioned on a publicly-searchable news website by either its official number (for example, "H.R. 3200") or title (for example, "America's Affordable Health Choices Act of 2009"). As soon as that changes, our daily automated search across the Web will catch it and include it here. If this bill is of interest to you, you can write a letter to the editor referring to this bill by name, and if your letter is published on the Web, a link back your letter will appear here within about one day. Or, if you know of a news article about this bill to display here, email us the web address of this page and the web address of your suggested news article: Our editorial team will post relevant links as quickly as possible. Thanks for helping to build public knowledge about Congress.
Recent Blog Coverage
View All (11)
|
View Top Rated
P-Konto - Pfändungsschutz für Schuldner
I S. 2866), die zuletzt durch ⦠geändert worden ist, wird die Angabe ⧠850iâ durch die Angabe ⧠850lâ ersetzt. Artikel 4 Ãnderung der Abgabenordnung Die Abgabenordnung in der Fassung der Bekanntmachung vom 1. Oktober
USA: proposed Bills - beneficial ownership and executive pay
Senator Clinton introduced the Corporate Executive Compensation Accountability and Transparency Act (S. 2866). Section 4 provides shareholders with a mandatory "say on pay" vote at the company's annual meeting. ...
More Presidential Politics
Senator Hillary Rodham Clinton (D-NY) recently introduced the Corporate Executive Compensation Accountability and Transparency Act (S. 2866). It includes the following: Mandate "say on pay" advisory vote for shareholders. ...
Vote on This Bill
-
Share This Bill
More Share via Email
