Business
The Dodd-Frank Act amended the SEC to require public company proxies to disclose any company policies regarding the hedging of company shares by the company’s employees and directors. Last December, the SEC finalized rules implementing that new requirement, meaning that most public companies will be required to follow the new disclosure rules in their next proxy filing. During this episode of Winston & Strawn’s Benefits Blast Podcast, Executive Compensation Partners Mike Melbinger and Joe Adams discuss how the new hedging rules differ from the existing rules, what share holdings are covered by the new rules, which individuals should be covered by a company’s hedging policy, and what smart companies should do now to ease compliance with the new requirements.