Rules recently established by the Securities and Exchange Commission include a "say on pay" rule that requires:
A) Audit committee review of executive compensation.
B) Nonbinding shareholder votes on executive pay.
C) Compensation committees as a part of corporate boards.
D) Detailed disclosures of executive compensation.

Question

Quizplus · Accepted Answer

The "say on pay" rule requires nonbinding shareholder votes on executive pay, allowing shareholders to express their opinions on the compensation of executives. This aims to promote greater accountability and transparency in corporate governance. The other answer choices are also related to executive compensation but are not specific to the "say on pay" rule.

Rules Recently Established by the Securities and Exchange Commission Include