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The Effects Of Dodd-Frank On Executive Compensation, Fitzgerald Angrand
The Effects Of Dodd-Frank On Executive Compensation, Fitzgerald Angrand
Fitzgerald Angrand
In the wake of the market collapse, and amidst public outrage over irresponsible executive pay despite company failures, the U.S. government passed the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).[1] The main purpose of Dodd-Frank was to heighten shareholder protection in the capital markets.[2] More specifically, the executive compensation provisions were drafted with the aim of recapturing the accountability lost as a result of the lack of arm’s length bargaining. Commentators have stated, that taken together, the several provisions in Dodd-Frank that affect the executive pay process, quite arguably, will have the broadest and most significant …