Dodging a Bullet: The New Treasury Rules

The meetings industry welcomed the new executive compensation rules issued by the U.S. Treasury Department on June 10 as a bullet dodged. The interim final rule, now in a 90-day public comment period, requires companies receiving Troubled Asset Relief Program funds to develop a companywide policy for meetings, events, and other corporate travel expenses — but leaves the specifics of the policy up to each company's board of directors.