The Stimulus Bill Imposes Further Executive Compensation Restrictions

January 2009
Venulex Legal Summaries;2009 Q1, Special section p1
The article summarizes the executive compensation restrictions imposed by the American Recovery and Reinvestment Act of 2009 signed into law by U.S. President Barack Obama on February 17. The executives covered are those who work for entities receiving Troubled Asset Relief Program (TARP) assistance. The definition of the senior executive officers (SEO) from the Emergency Economic Stabilization Act of 2008 (EESA) is retained in the stimulus bill. Also cited are corporate governance requirements mandated in the legislation.


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