Not later than 180 days after , the Commission shall issue rules that require an issuer to disclose in the annual proxy sent to investors the reasons why the issuer has chosen—
the same person to serve as chairman of the board of directors and chief executive officer (or in equivalent positions); or
different individuals to serve as chairman of the board of directors and chief executive officer (or in equivalent positions of the issuer).
June 6, 1934, ch. 404Pub. L. 111–203, title IX, § 972124 Stat. 1915(, title I, § 14B, as added , , .)
Editorial Notes
Codification
Pub. L. 111–203, referred to in text, was in the original “the date of enactment of this subsection”, and was translated as meaning the date of enactment of , which enacted this section, to reflect the probable intent of Congress.
Statutory Notes and Related Subsidiaries
Effective Date
section 4 of Pub. L. 111–203section 5301 of Title 12Section effective 1 day after , except as otherwise provided, see , set out as a note under , Banks and Banking.