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federal_register: 2012-901

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document_number title type abstract publication_date pub_year pub_month html_url pdf_url agency_names agency_ids excerpts regulation_id_numbers
2012-901 Compensation, Retirement Programs, and Related Benefits Proposed Rule The Farm Credit Administration (FCA, us, we, or our) proposes to amend our regulations related to Farm Credit System (System) bank and association disclosures to shareholders and investors. The proposed rule would require reporting of supplemental retirement plans, a discussion of the link between senior officer compensation and performance, and timely and transparent reporting to shareholders of significant events that occur between annual reporting periods. We believe the proposed changes will provide full, transparent and consistent disclosures to shareholders. The proposed rule would identify the minimum responsibilities a compensation committee must perform to ensure it continues to exercise good stewardship, and require that System banks and associations provide for a nonbinding, advisory vote on senior officer compensation in order to engage shareholders in the management and control of their institution. Also, the proposed rule would bifurcate existing annual reporting requirements at Sec. 620.5 and make other conforming technical changes. 2012-01-23 2012 1 https://www.federalregister.gov/documents/2012/01/23/2012-901/compensation-retirement-programs-and-related-benefits https://www.govinfo.gov/content/pkg/FR-2012-01-23/pdf/2012-901.pdf Farm Credit Administration 154 The Farm Credit Administration (FCA, us, we, or our) proposes to amend our regulations related to Farm Credit System (System) bank and association disclosures to shareholders and investors. The proposed rule would require reporting of supplemental... 3052-AC41

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