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SEC Makes the Advance Approval of Shareholder Say on Parachute Payments Even Less Attractive
Winston & Strawn LLP via Lexology; registration required 
[Guidance Overview] Feb. 16, 2011 Question 128B.01 ... provides that, even if a company's shareholders approve a say-on-parachute payments resolution in the 2011 annual meeting proxy, if the company adds a new CEO one month later, it would need to seek shareholders approval again in any future merger proxy. MORE >> |
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