A bill to provide that the compensation paid to certain corporate officers be treated as a proper subject for action by security holders, and for other purposes.

Summary

Amends the Securities Exchange Act of 1934 to provide that the methods employed by a registered securities issuer to determine corporate officer compensation is a proper subject for action by securities owners, and such methods must be disclosed in the issuer's proxy statement, in conjunction with clear and comprehensive information relating to the compensation paid to each director and senior officer. Directs the Securities and Exchange Commission to promulgate final rules and regulations to implement this Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 10 March 1992

   Introduced

   Read twice and referred to the Committee on Banking.

   Source: IntroReferral

2. 10 March 1992

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · undated · Official file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 10 March 1992

  Open at official source

Sponsors

• Rep. Harkin, Tom [D-IA-5] · D · Sponsor
• · ssbk00 · Standing

Related records

No cross-record relationships stored yet.