Client Alerts - Part 2

SEC Delays Implementation of Several Executive Compensation Provisions Required Under Dodd-Frank Act   | Last Friday, July 29th, the SEC revised the Dodd-Frank implementation timeline on its website, delaying many of the executive compensation provisions that were previously scheduled for adoption by the end of 2011. Under the revised schedule, the SEC plans to adopt the following rules between [read more]

You Are Now Free to be Tracked about the Country: The Wall Street Journal Launches Jet Tracker   | In recent years, executive perquisites have received increased scrutiny from shareholders, shareholder advisory firms and the press, and no perquisite serves as a greater lighting rod than personal usage of corporate aircraft.  The 2006 SEC proxy disclosure rules, which require the cost of personal travel [read more]

SEC Proposes Rules for Listing Standards for Compensation Committees as Required Under Dodd-Frank Act   | On March 30, 2011, the Securities and Exchange Commission voted unanimously to propose new rules concerning the listing requirements for Compensation Committees as required under Section 952 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.  The proposed rules include: Listing standards [read more]

Disney Responds to ISS’ Negative Say on Pay Recommendation   | In this era of Say on Pay and the resulting increased scrutiny on executive compensation, companies have been contemplating whether and how to respond to a negative ISS recommendation, particularly where it was believed that ISS’ decision was based on inaccurate analysis.  Up until now, [read more]

No Surprises – SEC Adopts Rules for Say on Pay and Golden Parachute Compensation as Required Under Dodd-Frank Act   | Alert Highlights-  Say on Pay vote to be held at least once every three years-  Say on Frequency vote to be held at least once every six years-  Say on Golden Parachute vote and disclosure rules become effective April 25, 2011-  Small Companies exempt from [read more]