Executive compensation in public corporations is subject to shareholder approval via a "say-on-pay" provision in the _____.
A) Sarbanes-Oxley Act
B) Dodd-Frank Act
C) Lilly Ledbetter Fair Pay Act
D) Walsh-Healy Public Contracts Act

Question

Quizplus · Accepted Answer

The Dodd-Frank Act requires public corporations to hold a non-binding shareholder vote on executive compensation at least once every three years. This provision is known as "say-on-pay."

Executive Compensation in Public Corporations Is Subject to Shareholder Approval