Are you ready for the 2010 proxy season? Companies are faced with new rules for expanded disclosure of executive compensation and director experience in the proxy statement. They have more issues that will come under more scrutiny from more people, be they activist investors, proxy advisory services, pension and union funds, or the media. Here’s what you need to consider to be prepared for the proxy season ahead.
New proxy disclosure rules go into effect on Feb. 28. You will need to discuss the board’s leadership structure—essentially, whether the company has a combined chairman and CEO or separates the roles—and explain ...