Client Alerts - Part 6

A View to 2012: ISS Releases Draft 2012 Policies for Comment   | Last week, ISS released its Draft 2012 Policies for comment by institutional investors, companies and other members of the governance community. The annual event is viewed as a harbinger of the final guidelines ISS will use to evaluate thousands of proxies next spring. ISS expects [read more]

Divergent Views on Executive Compensation: Results of ISS’ 2011-2012 Policy Survey   | This week, ISS released the results of their annual survey of institutional investors and companies on emerging corporate governance issues. ISS considers the survey a critical component of its annual policy review and formulation process. Not surprisingly, both investors and companies believe that executive compensation [read more]

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]