Financial Companies Learn New Treasury Rules for Meetings

The meetings and travel industry was generally hailing the new executive compensation rules issued by the U.S. Treasury Department on June 10 as a bullet dodged. The interim final rule, which is now in a 90-day public comment period, requires companies receiving Troubled Asset Relief Program funds to develop a company-wide policy for meetings, events, and other corporate travel expenses.

The rules are lumped in with TARP requirements for “excessive or luxury expenditures,” an unfortun

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