Shareholder Vote on Executive Compensation Act

[AI summary unavailable — showing source text] Shareholder Vote on Executive Compensation Act - Amends the Securities Exchange Act of 1934 to require a proxy, consent, or authorization to permit a separate shareholder vote to approve executive compensation. States that such a shareholder vote shall be neither binding on the board of directors, nor construed as overruling a decision by the board. Requires any proxy solicitation material concerning disposition of substantially all of an issuer's assets to disclose any compensation agreements or understandings with the principal executive officers of the issuer (or the acquiring issuer) regarding any type of (golden parachute) compensation which: (1) relates to such disposition; and (2) has not been subject to a shareholder vote. States that: (1) any proxy solicitation material containing such executive compensation disclosures shall require a separate shareholder approval of such agreements or understandings; but (2) the shareholder vote shall be neither binding on the board of directors, nor construed as overruling a decision by the board.…