alleryStart learning →Which US law requires shareholder votes on future golden parachutes?
ASherman Act
BDodd-Frank Act
CClayton Act
DWilliams Act
Answer & Solution
Correct answer: B. Dodd-Frank Act
The 2010 Dodd-Frank Act mandates shareholder votes on any future adoption of a golden parachute by public firms.
Keep practising Mergers Acquisitions and Corporate Restructuring
Browse all Mergers Acquisitions and Corporate Restructuring questions for CA Final, or explore more Strategicfinancialmanagement topics.
Related questions
In a management buy-in (MBI), the shares are bought bySenior LBO debt is secured and carriesWhich target suits an LBO best?Debt is cheaper than equity in an LBO since interestIn a leveraged buyout, the target's assets often serve asA golden parachute pays an executive onA gray knight is a bidder seen asThe unfriendly bidder in a hostile takeover is called a