Home » Publications » Alerts » Status of Financial Reform Legislation

Status of Financial Reform Legislation

Release Date: June 29, 2010

Financial reform legislation moved closer to being adopted as law as it passed through the reconciliation process of the joint House and Senate committee late last week. Now known as the Dodd-Frank Wall Street Reform and Consumer Protection Act, the current bill, like the earlier House and Senate versions, includes provisions revising certain corporate governance areas and executive compensation. However, a provision included in earlier versions that would have required public companies to utilize a majority voting standard in the uncontested election of directors is not included in the latest bill. 

To read the rest of the Alert, please click here.