More than half of S&P 500 boards modified some element of directors’ pay in 2022, whether through boosting equity grants, annual cash retainers or another element of board compensation in a bid to keep pat at competitive levels, said consultants. …A look at 2022 director compensation disclosures using public company intelligence provider MyLogIQ shows that…
Labor-related shareholder proposals are on the rise with initiatives aimed at working conditions more than tripling last year. These resolutions have received a high average rate of support, and investors are maintaining pressure on the subject. Therefore, sources say, directors should view these measures with prudence. …Shareholders filed at least 29 proposals in 2022 related…
Companies are increasingly disclosing provisions in separation agreements that include continuing health care coverage for departing executives, according to data from public company intelligence provider MyLogIQ. The uptick in disclosures puts the details of these plans front and center for execs and competitors. Boards mulling over retention considerations or updating change-in-control agreements may find it…
Delaware companies have been given the green light to protect corporate officers from personal monetary liability in breach of fiduciary duty claims after the state adopted new amendments to its corporate law provisions in August. But to make use of the provisions, known as officer exculpation, companies will have to update their charters and gain…
After years of anticipation from corporations, institutional investors and better-business advocates, the Securities and Exchange Commission adopted its final clawback rule Wednesday requiring companies to recover erroneously awarded incentive-based compensation after making a financial restatement. The new rule will force companies to craft policies aligned with the SEC’s rule – and that also goes for…
The Securities & Exchange Commission on Wednesday adopted a new rule requiring companies to recoup “erroneously awarded” incentive-based compensation after filing a restatement to correct inaccurate financials. It also goes a step further than what was initially proposed in 2015 by including both “Big R’” and “little r” restatements as potential clawback triggers under these…
The Securities & Exchange Commission is on the verge of adopting proposed rules that would ultimately require companies to claw back incentive compensation from executives after filing a restatement to correct inaccurate financials. However, a memo released in June with the reopening of a comment period on the latest proposal is raising questions among legal…
Investors are ramping up their scrutiny of medium-term emissions reduction targets and are planning to hold boards accountable if they don’t pass muster. Proxy advisory firm ISS’s recent benchmark survey results show that a significant number of 188 investors told ISS that a lack of “realistic” medium-term emissions reduction targets for Scope 1 and 2…
The debate over the Securities and Exchange Commission’s climate disclosure rule is continuing to heat up as all sides press the commission on a proposed requirement for public companies to disclose greenhouse gas emissions from supply chains and other sources outside of companies’ direct control, also known as Scope 3 emissions. Companies will also have…
In recent years, search firms have been flooded by requests for director candidates with cybersecurity backgrounds as boards seek to leverage this expertise when responding to rising cyber risks. …Over the past five years, companies in both the Russell 3000 and S&P 500 have seen the number of directors boasting cybersecurity expertise climb by the…
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