After over five years, the six agencies charged with implementing Dodd-Frank Section 956 rolled out a much more stringent re-proposal reflecting the regulators' experiences since the original 2011 version of the rule and aimed at decreasing risk-taking by financial services employees.
The Financial Accounting Standards Board (FASB) released final changes to accounting rules for stock-based compensation last week, amending ASC Topic 718, Compensation-Stock Compensation, in several areas.
In a surprise move that reinforced the increased politicization of the SEC, four Democrats on the Senate Banking Committee this week blocked a scheduled committee vote to approve the nominations of new SEC Commissioners because the nominees have not committed to supporting an SEC rule mandating political spending disclosure.
The Commissioner of the SEC sets the agency's rulemaking agenda and can prioritize certain items over others.
In 2015, no company with Summary Compensation Table CEO Pay which was less than $15M failed their Say on Pay vote.