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 (PDF 37k).