3.0.0 3351 2023-01-11T13:18:25Z 2023-01-11T13:18:25Z House H HR 2009-07-27 111 hsba00 Financial Services Committee House Standing Referred to 2009-07-27T16:31:48Z 2009-07-27 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-07-27 Sponsor introductory remarks on measure. (CR E2022) IntroReferral B00100 9 Library of Congress 2009-07-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-07-27 Introduced in House IntroReferral 1000 9 Library of Congress K000372 Rep. Kilroy, Mary Jo [D-OH-15] Mary Jo Kilroy D OH 15 N G000556 Rep. Grayson, Alan [D-FL-8] Alan Grayson D FL 8 2010-02-23 False K000365 Rep. Kagen, Steve [D-WI-8] Steve Kagen D WI 8 2010-03-03 False P000595 Rep. Peters, Gary C. [D-MI-9] Gary Peters D MI 9 2010-03-03 False C001037 Rep. Capuano, Michael E. [D-MA-8] MICHAEL CAPUANO D MA E. 8 2010-03-16 False Finance and Financial Sector Administrative law and regulatory procedures Corporate finance and management Financial services and investments Securities Securities and Exchange Commission (SEC) Wages and earnings Finance and Financial Sector 00 2009-07-27 Introduced in House 2009-11-03T22:29:32Z Proxy Voting Transparency Act of 2009 - Amends the Securities Exchange Act of 1934 to require that a proxy, consent, or authorization for an annual shareholders meeting provide for a separate shareholder vote to approve the compensation of executives pursuant to compensation disclosure rules promulgated by the Securities and Exchange Commission (SEC).

Requires such SEC disclosure rules to include: (1) the compensation committee report; (2) compensation discussion and analysis; (3) the compensation tables; and (4) any related materials.

Requires the person making proxy or consent solicitation material regarding a disposition of an issuer's assets to disclose and submit for separate shareholder approval: (1) any compensation agreements made with principal executive officers of the issuer; and (2) the aggregate total of compensation that may be paid or become payable to or on behalf of such executive officer (golden parachute compensation).

States that the shareholder vote: (1) shall not be binding upon either the corporation or the board of directors; (2) shall not be construed as overruling a decision by such board; (3) shall not be construed as creating or implying any additional fiduciary duty by such board; nor (4) shall be construed to restrict or limit shareholder ability to make proposals for inclusion in proxy materials related to executive compensation.

Requires certain institutional investment managers to report at least annually how they voted on any shareholder vote (unless such vote is otherwise required to be reported publicly by SEC rule or regulation).

]]> Proxy Voting Transparency Act of 2009 Display Title Proxy Voting Transparency Act of 2009 Official Title as Introduced To amend the Securities Exchange Act of 1934 to provide shareholders with a non-binding vote on executive compensation. Introduced in House IH Short Titles as Introduced Proxy Voting Transparency Act of 2009 Introduced in House 2009-07-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr3351ih/xml/BILLS-111hr3351ih.xml 2009-07-27 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.