Reply #12: The Pelosi version also drops the requirement for a non-binding vote on executive pay. [View All]

[Eric J in MN]

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(2) a requirement that the financial institution
2 afford to all shareholders the opportunity to cast a
3 non-binding vote, in any annual proxy solicitation
4 and shareholder vote, on the executive compensation
5 to be provide to the executive officers of the financial
6 institution;
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Above is in Dodd bill of Sept 25, but not Pelosi bill of Sept 28.

A non-binding vote isn't much, but it was too much for Nancy Pelosi to demand.