Reward Work Act prohibits public companies from repurchasing shares on the open market and mandates worker representation on corporate boards.
The Reward Work Act aims to prohibit public companies from repurchasing their shares on the open market. It also mandates that at least one-third of an issuer's board of directors must be composed of employee representatives within two years of the Act's enactment. The Securities and Exchange Commission will be responsible for promulgating regulations to ensure compliance with these provisions.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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