Under the Dodd-Frank Act, the SEC must issue rules requiring issuers to disclose in annual proxy statements the reasons the issuer has chosen to combine or separate the positions of CEO and chairman of the board of directors.

Question

Quizplus · Accepted Answer

The Dodd-Frank Wall Street Reform and Consumer Protection Act, enacted in July 2010, includes provisions that enhance corporate governance and transparency. Among these provisions, the Act directs the Securities and Exchange Commission (SEC) to adopt rules requiring companies to disclose in their proxy statements the rationale behind their decision to either combine or separate the roles of CEO and chairman of the board, aiming to provide shareholders with better insight into the company's governance practices.

Under the Dodd-Frank Act, the SEC Must Issue Rules Requiring