Diane Holt Frankle Quoted in Compliance Week

Diane Holt Frankle, Partner in the Corporate & Finance Department, was quoted in the May 17, 2011 issue of Compliance Week in the article “Regulators Miss All Second Quarter Dodd-Frank Deadlines.” The article examines how federal agencies, including the Securities and Exchange Commission and the Commodity Futures Trading Commission, have missed deadlines in implementing the rulemaking requirements of the Dodd-Frank Act and the impact the delay is having on companies in preparing for the new rules. “There is some practical impact on companies from the regulatory delay,” says Ms. Frankle, who pointed to two examples of planning issues that may arise for companies. “Some companies would be addressing the composition of their compensation committees if the independence rules were adopted. Maybe more importantly, companies are adopting executive compensation, including incentive compensation, knowing that there will need to be clawback provisions, but they do not have the specific guidance to permit them to craft a new or revised clawback policy.”