Under the CFPA of 2010,publicly held companies must,on their proxy solicitations,disclose and provide shareholders with a binding vote to approve any type of compensation based on or relating to mergers,consolidations,or the proposed sale of all of the assets of the company.

Question

Quizplus · Accepted Answer

Under the Dodd-Frank Wall Street Reform and Consumer Protection Act (CFPA) of 2010, publicly held companies are required to disclose and provide shareholders with a non-binding advisory vote on executive compensation (say-on-pay) and golden parachute arrangements in connection with mergers or similar transactions, not a binding vote.

Under the CFPA of 2010,publicly Held Companies Must,on Their Proxy