6/19/09

Client Alert: Treasury Unveils ARRA Executive Compensation and Corporate Governance Standards

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Attorneys & Professionals

On June 10, 2009, the U.S. Department of the Treasury issued an Interim Final Rule describing how financial institutions receiving assistance under the Troubled Assets Relief Program ("TARP") are to comply with the executive compensation and corporate governance standards imposed by the Emergency Economic Stabilization Act of 2008 (“EESA”), as amended by the American Recovery and Reinvestment Act of 2009 (as amended, the “ARRA standards”).

Click on the link below to download the June 19, 2009 Client Alert which discusses these standards.