We are pleased to share the following insights from Attorney Michael S. Melbinger, first published January 7, 2020 on the EXECUTIVE COMPENSATION BLOG. — Fair Treatment for CFOs under the New 162(m) Proposed Regulations
2020 Benchmark Policy Updates from Institutional Shareholders Services
On November 12, Institutional Shareholder Services Inc. (ISS), announced its new policy updates for 2020. The updates, relevant to the United States and matters of executive pay, relate to the pay-for-performance model and the incorporation of Economic Value Added (EVA) metrics in the model’s secondary ‘Financial Performance Assessment’ (FPA) screen.
Post-Merger Compensation Arrangements
The issue of how executive contracts holdup after a merger or acquisition is always interesting, often contentious, and consistently one of our most-read topics here on Deferred Compensation News & Updates.
We are pleased to share with you these timely insights from Attorney Michael Melbinger, Winston & Strawn LLP.
Executive Pay Tied to Corporate Sustainability for Another Major Company
Last week, The Clorox Company announced a new initiative that ties executive pay to the realization of environmental, social and governance (ESG) goals. In tying executive pay to sustainability goals The Clorox Company joins oil companies Royal Dutch Shell PLC and BP PLC, corporations that have already implemented similarly inspired executive pay or bonus structures. Laura Stein, Clorox executive vice …
Shareholder Submission of Proposals on Executive Compensation
The annual deadline for shareholders of most companies to submit proposals on executive compensation is December. With the 4th quarter approaching, this blog post by Attorney Michael S. Melbinger provides timely insights. Company Must Include in Proxy Shareholder Proposal Limiting Future Equity Grants Written by Michael Melbinger, first published on the Executive Compensation Blog, 7-16-2019. Proxy season is essentially over, …
Deferred Compensation Agreements Put to the Test …and Holding Strong
Just when everyone thought there was nothing more to be said about the bailout issues of the subprime mortgage crisis (2007-2010), it’s back in the headlines. Some 23 former American International Group Inc (AIG) Financial Products (AIGFP) employees[i] have taken their old employer to court. At stake is more than $100 Million in deferred compensation the employees said was contractually …
Executive Compensation Drafting Tips for Today’s Litigious World
If you read the Deferred Compensation News, you know we regularly carry important insights from attorney Michael S. Melbinger, Winston Strawn. In his most recent blog, Mike shared two tips that employers should always consider in drafting executive compensation terms, releases, and related documents regarding an executive’s compensation. And of course, Fulcrum Partners always advises you to consult your own …
Disclosure on the CEO Pay Ratio: What’s the Right Approach?
Winston & Strawn attorney, Mike Melbinger, asks (and answers) a question that may be puzzling your organization. “What’s a company to do when professionals are recommending that companies keep CEO pay ratio disclosures simple while stakeholders are demanding companies publish all the details?” Read, his blog post below, for his updates and insights on this corporate conundrum. Wait! Some Investors …
Action Items to Prepare for the 2019 Proxy Season
Deferred Compensation News is pleased to share this important end-of-year discussion featuring Attorneys Michael S. Melbinger and Nyron J. Persaud of Winston & Strawn LLP. Providing a checklist of action items to address in preparation for the 2019 proxy season, the presentation covers: Lessons Learned from the 2018 Proxy Season Changes in Law, Regulations, and Proxy Advisor Guidelines Since Last …
Tax Code Section 162(m): You May Still Have Options for Grandfathering Protection
Winston & Strawn Attorney Mike Melbinger, author of the Executive Compensation Blog reflects on the nuances of Grandfathering Protection under the revised Tax Code Section 162(m). Don’t Abandon All Hope of Grandfathering Protection Under Section 162(m) In the Inferno, the first part of Dante Alighieri’s Divine Comedy, the inscription “abandon hope all ye who enter here” appears at the entrance to Hell. This …