Skip Navigation Links IRMI Online > Glossary of Insurance & Risk Management Terms > Terms > D > Dodd-Frank Act
Warning! You are currently not signed in. Any products you have purchased will not be displayed until you Sign In

Dodd-Frank Act

An act known formally as the "Dodd-Frank Wall Street Reform and Protection Act" (Dodd-Frank). This 2010 law made dramatic, sweeping changes to the nation's financial regulatory system. It was enacted to make the U.S. 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. See also Say-on-pay provision; Clawback provision; Whistleblower provision.


Links for IRMI Online Subscribers Only: PLI X.B

Navigation

Social Media