Question

What are some examples of a corporation complying with Dodd-Frank in form but not in substance. I'm not entirely clear on the concept and would appreciate some examples along with an explanation. I appreciate it.

Answer 1

A corporation complying with Dodd-Frank in form but not in substance:

• The Corporation can meet deadline set by the Dodd Frank Act as per the time plan envisioned under different provisions of this Act.
• It shall be noted that Dodd Frank Act is evolving.
• This way it can ensure compliance with Dodd Frank Act in form, if not in substance.
• There are changing regulations of corporate government and public disclosure, complying in substance, may force company to bear additional expenses and pose challenges for management team.