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Which of the Following Is True of the Dodd-Frank Act

Question 48

Multiple Choice

Which of the following is true of the Dodd-Frank Act with regard to regulating executive compensation?


A) Shareholders were allowed a nonbinding vote on executive compensation, as directed by the Federal Reserve.
B) Company executives received lower compensation when firms sold mortgage-backed securities and derivatives.
C) Companies cannot take back compensation if it is based on inaccurate accounting statements.
D) Only independent directors of a company could sit on compensation committees of the board.

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