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Email The Securities and Exchange Commission (the "SEC") recently issued proposed rules (the "Proposed Rules") to implement the provisions of Section 951 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Act"). Section 951 of the Act requires publicly traded companies to provide for non-binding shareholder votes on executive compensation ("say on pay" and "say when on pay" votes) and golden parachute packages ("say on golden parachutes") of named executive officers. https://www.cadwalader.com/resources/clients-friends-memos/sec-proposes-new-rules-regarding-shareholder-approval-of-executive-compensation-and-golden-parachute-arrangements