2012 Will Be Another Busy Year in Regulation and Compliance
By: Reese Darragh of Compliance Week
As orginally published on January 3, 2012
Amidst holiday cheers and winter chills, lawyers and some former staff member of the Securities and Exchange Comission and the Justice Department confirm that 2012 will be yet another busy year in regulation. For compliance professionals who want to update their checklists, here are the experts’ thoughts on what to expect from both agencies next year.
Dodd-Frank Act
If Dodd-Frank kept you guessing on the upcoming rulemaking proposals this year, the trend will continue well into the first half of 2012.
The SEC has announced its intention to finish rules on executive compensation even though Dodd-Frank does not specify a mandatory deadline on that front. The forthcoming rules will include specified clawback policies, new disclosure requirements for executive pay ratios, rules on employee and director hedging, and the relationshop between executive compensation and company performance.
“We will most likely see the proposed rules on this issue come February or March and I expect them to be finalized end of next year,” says David Scileppi, leader of the securities & corporate governance practice at law firm Gunster.
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