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United States · Bill · HR

H.R. 1257 (110th)

Shareholder Vote on Executive Compensation Act

referredUnited States· United States Congress· EN

Introduced

1 March 2007

Last action

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Status

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

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Subjects

Discovery layer

Source updated

6 December 2025

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Summary

Shareholder Vote on Executive Compensation Act - Amends the Securities Exchange Act of 1934 to require a proxy, consent, or authorization to permit a separate shareholder vote to approve executive compensation. States that such a shareholder vote shall be neither binding on the board of directors, nor construed as overruling a decision by the board. Requires any proxy solicitation material concerning disposition of substantially all of an issuer's assets to disclose any compensation agreements or understandings with the principal executive officers of the issuer (or the acquiring issuer) regarding any type of (golden parachute) compensation which: (1) relates to such disposition; and (2) has not been subject to a shareholder vote. States that: (1) any proxy solicitation material containing such executive compensation disclosures shall require a separate shareholder approval of such agreements or understandings; but (2) the shareholder vote shall be neither binding on the board of directors, nor construed as overruling a decision by the board.

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Documents

11 official files

Referred in Senate (text)

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