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Your business is moving fast. You need to assess new developments quickly, determine if they apply to your business, and act accordingly. The Ticker is designed to focus your attention on key developments in the areas of SEC compliance, capital markets, corporate governance, executive compensation and other matters important to public companies and their officers and directors. Below are summaries of recent developments in these areas.
Leaders at S&P 500 companies have received a letter from Larry Fink, the CEO of BlackRock encouraging investment in long-term value creation, and more.
The debate continues over the propriety of “golden leash” payments by third parties to directors in connection with service on public company boards.
PwC recently offered guidance to public companies on how to enhance their audit committee-related disclosure this proxy season.
Proxy access remains a hot issue in 2016, with the New York City Comptroller announcing that it has targeted 72 public companies with proposals, following a successful 2015 campaign.
Nearly 95 percent of M&A deals triggered shareholder litigation. However, a Delaware court crackdown on disclosure-only settlements in takeover litigation has driven the current litigation rate to less than 22 percent.
Institutional proxy advisor ISS added three new compensation policy FAQs to address problematic pay practices that can lead to a recommendation to vote against pay and equity compensation plans.
The Conference Board weighed in on the debate over special compensation arrangements between activist hedge funds and the directors they place on public company boards.
Public company compensation committees operate in an increasingly challenging environment. We have compiled recommendations to assist compensation committee chairs in navigating these demands.