Dodd-Frank Act
The Dodd-Frank Act, enacted in 2010, made dramatic, sweeping changes to the nation's financial regulatory system.
Additional Information
This law was enacted to make the US financial system more transparent and accountable and to prevent the type of financial crisis that occurred during 2008. Three specific provisions within Dodd-Frank are likely to increase the nature and scope of legal liability faced by corporate directors and officers. These include: (1) the "clawback" provision, (2) the whistle-blower provision, and (3) the "say-on-pay" provision.
Synonyms
Dodd-Frank
