Corporate and Financial Institution Compensation Fairness Act of 2009

Bill 111 HR 3269, also known as the Corporate and Financial Institution Compensation Fairness Act of 2009, aims to address concerns about excessive executive compensation in corporations and financial institutions. The bill seeks to promote transparency and accountability in the way that executives are compensated, with the goal of ensuring that compensation is fair and aligned with the long-term interests of shareholders.

Key provisions of the bill include requirements for corporations and financial institutions to disclose detailed information about executive compensation, including salaries, bonuses, stock options, and other forms of payment. The bill also includes provisions to limit excessive compensation by imposing restrictions on golden parachutes and other forms of compensation that may incentivize risky behavior.

Additionally, the bill includes provisions to give shareholders a greater say in executive compensation decisions, including the ability to vote on executive pay packages. This is intended to empower shareholders to hold executives accountable for their performance and ensure that compensation is in line with company performance. Overall, the Corporate and Financial Institution Compensation Fairness Act of 2009 aims to promote fairness and accountability in executive compensation practices, with the goal of protecting the interests of shareholders and promoting long-term stability in corporations and financial institutions.