In particular, the new rules require disclosures in proxy and information statements about:
- The relationship of a company's compensation policies and practices to risk management.
- The background and qualifications of directors and nominees.
- Legal actions involving a company's executive officers, directors and nominees.
- The consideration of diversity in the process by which candidates for director are considered for nomination.
- Board leadership structure and the board's role in risk oversight.
- Stock and option awards to company executives and directors.
- Potential conflicts of interests of compensation consultants.
The new rules, which will be effective 28 February 2010, also require quicker reporting of shareholder voting results. Click for SEC Press Release