The CFPA of 2010 requires that publicly held companies annually include a provision in their proxy statements for a binding shareholder vote on executive compensation.

Question

Quizplus · Accepted Answer

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) requires publicly held companies to provide a "say on pay" vote for shareholders, but this vote is non-binding, meaning it is advisory and not mandatory for the company to follow.

The CFPA of 2010 Requires That Publicly Held Companies Annually