According to the provisions of the _____, publically listed companies now must allow shareholders to vote on executive compensation.
A) Sarbanes-Oxley Act
B) Dodds-Frank Act
C) Lilly Ledbetter Fair Pay Act
D) Walsh-Healy Public Contracts Act

Question

Quizplus · Accepted Answer

The provision mentioned in the question refers to the say-on-pay rule, which is a part of the Dodds-Frank Act passed in 2010. This rule mandates publically listed companies to allow their shareholders to cast a non-binding vote on executive compensation. The Sarbanes-Oxley Act pertains to financial disclosures, while the Lilly Ledbetter Fair Pay Act and Walsh-Healy Public Contracts Act deal with labor laws. Hence, the best choice for this question is B, Dodds-Frank Act.

According to the Provisions of the _____, Publically Listed Companies