Question

Beginning in 2011, the Dodd-Frank Wall Street Reform and Consumer Protection Act requires corporations with a market value over ________ to allow a nonbinding shareholder vote on executive pay.

A. $25,000,000
B. $50,000,000
C. $75,000,000
D. $100,000
E. $750,000

Answer 1

The correct answer is letter "C": $75,000,000.

Step-by-step explanation:

The Dodd-Frank Wall Street Reform and Consumer Protection Act is a federal law of the United States enacted in July 2010. The law revised financial regulation following the 2007–2008 financial crisis. It established that it is mandatory for companies with values over $75,000,000 to allow shareholder votes on matters such us executive payments.