Posted inBoards & Shareholders

This Proxy Season, Excluding Shareholder Proposals Gets Trickier

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 […]

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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 […]

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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 […]

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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 […]

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