July 9, 2009
Samples of Luxury Expenditure Policies
– Broc Romanek, CompensationStandards.com
Since the Treasury adopted its interim final rule on June 15th, the first of the requisite “luxury expenditure policies” have been posted online as required. Recall that the board for each TARP company is required to adopt such a policy (as well as file it with Treasury and post it online) before the later of ninety days after the closing date of the agreement between the Treasury and the TARP recipient or September 13th. We have started posting samples of these policies in our “Management Perks” Practice Area.
Tune into the Tuesday, July 21st webcast – “New Treasury and SEC Regulations and the ARRA: Executive Compensation Restrictions” – to hear these experts analyze the latest regulations coming out of Treasury and the SEC:
– Mark Borges, Principal, Compensia
– Jeremy Goldstein, Partner, Wachtell Lipton Rosen & Katz
– Jannice Koors, Managing Director, Pearl Meyer & Ptrs
– Mark Trevino, Partner, Sullivan & Cromwell LLP