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Stimulus Act Expands Executive Compensation Restrictions for TARP Recipients
Katten Muchin Rosenman LLP
[Guidance Overview] Mar. 4, 2009 Excerpt: Compliance Certification. The CEO and CFO of each TARP Recipient must provide written certification that the TARP Recipient has complied with the restrictions listed .... Publicly traded companies must provide such certification in their annual filing, and private companies must provide such certification to the Treasury Secretary. The SEC stated that its view is that TARP recipients do not have to comply with this requirement until the Treasury Secretary establishes the 'executive compensation and corporate governance standards' to which the certification applies. MORE >> |
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