You should be aware of certain provisions of Sen. Christopher Dodd's (D-Conn.) financial reform bill that passed the Senate Thursday, May 20, 2010. The proposal is considered by many to be the most extensive overhaul of financial-sector regulation since the 1930s. The legislation now moves to the House, where it must be reconciled with a similar bill that passed there in December 2009. The legislation approved in the Senate would affect all public companies, not just financial services companies, and the following corporate governance areas are worth noting: Majority Voting; Proxy Access; CEO/Chairman Role; Shareholder Vote on Pay; Compensation Committee; Required Proxy Disclosures; Clawbacks; and Broker Voting.

To view the entire alert, download the .PDF below.