Independence Standards for Compensation Committees Proposed by NYSE and Nasdaq
The New York Stock Exchange (NYSE) and Nasdaq recently filed proposals with the SEC setting forth standards to determine the independence of (a) a member of a compensation committee, and (b) a...
View ArticleWhat Happens When You Offer Retirees Lump Sums? GM Announces a 30% Take-Rate
Last June, GM offered 44,000 retirees the option of converting their on-going pension benefits into a lump sum payment. Yesterday, GM announced in a filing with the SEC that 30 percent of its retirees...
View ArticleISS and Glass Lewis Release 2013 Policy Updates
Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis & Co., LLC (“Glass Lewis”) recently updated their proxy voting guidelines for the 2013 proxy season. The complete 2013 Updates to...
View Article2012: A Year in Review
As we wrap up the inaugural year of InsideCompensation, we look back on 2012’s most significant developments in employee benefits and executive compensation, both in the U.S. and internationally....
View ArticleSEC Approves NYSE and NASDAQ Independence Standards for Compensation Committees
The Securities and Exchange Commission (SEC) recently approved changes to the listing standards of the New York Stock Exchange (NYSE) and NASDAQ relating to the independence of compensation committee...
View ArticleSEC Hedging Disclosure Proposal Could Cause Companies To Review Trading Policies
On February 9, 2015 the SEC proposed rules, as required by Section 955 of Dodd-Frank, that would require disclosure regarding whether directors, officers and other employees are permitted to hedge or...
View ArticleSEC Proposes “Pay for Performance” Disclosure Rule
By David Engvall, Reid Hooper, Keir Gumbs, and David Martin On April 29, 2015, the Securities and Exchange Commission (the “SEC”) proposed a new rule that would require public companies to provide new...
View ArticleSEC Proposes Clawback Rule
The Securities and Exchange Commission has proposed a rule that will require companies with listed securities to recover incentive compensation based on erroneous financial statements. The proposed...
View ArticleSEC’s New Pay Ratio Disclosure Rule Explained
On August 5, 2015, the Securities and Exchange Commission adopted, by a three-to-two vote, a rule that will require most public companies to disclose, annually, the ratio of the median of the annual...
View ArticleSEC Proposal Dives Into Long-Standing Debate About the Duties of Investment...
On Wednesday, April 18th, the SEC introduced a much-anticipated package of proposed rules and formal guidance concerning the standards of conduct for financial professionals. The more than 1,000-page...
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