Two significant trends about which shareholder proposals companies can or cannot exclude from the proxy statement are already setting the tone for this year’s proxy season—and companies need to read regulators’ response letters carefully to stay on top of developing precedents. The Securities the Securities and Exchange Commission is not only granting fewer requests to […]
Arielle Bikard
SEC Endorses Banker Pay Proposal
The Securities and Exchange Commission has thrown its weight behind a government-supported plan to restrict compensation in the banking sector, voting 3-2 (along party lines, as usual) to propose a rule that would require large financial firms to defer as much as half of bankers’ bonuses and similar incentive-based pay for several years. The rule […]
Banker Pay Proposal Includes Incentive Pay Deferral
Banks and other financial institutions may be in for a bumpy ride in coming months, thanks to a proposed rule on incentive compensation that would impose new structural and compliance burdens on how executives get paid. Other business sectors should take notice too, since the rule could set a compensation standard. The Federal Deposit Insurance […]
Directors Still Failing to Bring Risk Oversight Up to Par
Think the financial crisis forced boards to perfect their risk-oversight processes? Think again. Two new studies published by the Committee of Sponsoring Organizations indicate that many directors are still falling down on their risk oversight responsibilities. According to the reports, directors are overly confident in management’s ability to manage risk, use risk oversight processes that are […]
Where Financial Reporting and CSR Meet
A movement is taking shape that could redraw the line between financial reporting and environmental, social, and governance reporting—or more accurately, it could erase the line entirely. The idea, integrated reporting, is to mesh financial and social responsibility reports into one document. In theory, the single report would force companies to put more financial rigor […]
