Corporate Pay Responsibility Act

Summary

Corporate Pay Responsibility Act - Amends the Securities Exchange Act of 1934 to declare that corporate officer compensation is a proper subject for action by the holder of securities. Mandates that a securities issuer include in its proxy statement clear and comprehensive information regarding corporate officer compensation. Itemizes disclosure contents. Authorizes security holders of specified market value or voting strength to nominate persons for election to the issuer's board of directors. Requires that such nominations be included in the issuer's proxy statement and form of proxy. Requires that, upon receipt of an entitled person's written request, an issuer promptly make available its list of security holders of record and any list of beneficial owners available to it. Establishes a monetary penalty for noncompliance. Sets forth confidentiality guidelines.

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2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 4 June 1991

  Open at official source

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