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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.
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. With respect to equity compensation plans, ISS considers three-year average concentration ratios above 30 percent for the CEO or above 60 percent for all named executive officers (NEOs) in the aggregate as a signal that an equity plan is not broad-based and therefore problematic. The FAQs also detail how ISS will evaluate agreements or decisions subsequent to the fiscal year covered by the CD&A. Read the ISS FAQs.