New regulations finalized in 2015 will cost the financial services industry $9.4 billion and consume 14 million hours of paperwork, according to a new analysis by the American Action Forum.
On Sept. 7, 2015, President Obama signed Executive Order 13706 directing federal government executive departments and agencies to ensure that effective Jan. 1, 2017, new procurement contracts include a provision specifying that employees working on covered federal contracts earn up to seven days (56 hours) of paid sick leave each year.
Differences in guidelines set by regulators and leading shareholder advisory services are some of bank directors’ biggest challenges.
By a 3-2 vote, the Securities and Exchange Commission today approved a final rule requiring public companies to disclose the ratio of the annual compensation of the CEO to the median of the annual compensation of the company’s employees.
The Securities and Exchange Commission voted 3-2 today to propose a rule that would require exchanges to establish standards for revoking executive bonuses when companies restate earnings.
The OCC looks to boards of directors in addition to senior management to set a tone at a bank that “encourages ethical and responsible behavior and demands individual accountability,” Comptroller of the Currency Thomas Curry said at an industry event in New York today.
The Securities and Exchange Commission voted 3-2 yesterday to propose a rule requiring new disclosures concerning companies’ executive compensation.