On August 5, 2015, the Securities and Exchange Commission (SEC) adopted a final rule that requires a public company to disclose the ratio of the compensation of its CEO to the median compensation of its employees. Companies will be required to provide disclosure of their pay ratios for their first fiscal year beginning on or … Continue Reading
The recent clawback laws being discussed and introduced in the UK and the US differ quite markedly and represent two almost entirely different approaches to recovering “erroneously” awarded incentive-based compensation. So which flavour do you prefer? One shouldn’t forget, of course, that the PRA’s provisions regarding clawback are only one half of a two pronged … Continue Reading
When significant decisions for public corporations are up for shareholder vote, institutional investors and shareholders or their registered investment advisors (meaning an individual or firm registered with the Securities and Exchange Commission (“SEC”) that is in the business of giving advice about securities in exchange for compensation (“RIAs”)) often rely on the voting recommendations of … Continue Reading
