The rules are changing for Proxy Voting Advice Businesses (PVAB), with approval by the SEC of new guidelines. The SEC’s final rule statement (published July 22, 2020) explains, “The Securities and Exchange Commission (“Commission”) is adopting amendments to its rules governing proxy solicitations so that investors who use proxy voting advice receive more transparent, accurate, and complete information on which to make their voting decisions, without imposing undue costs or delays that could adversely affect the timely provision of proxy voting advice.
Self-Selected Peer Group Changes: Window to Submit Updates Begins July 6, 2020
Corporations wishing to submit changes to their self-selected peer group for proxy disclosure have a short window that commences next Monday, July 6, 2020 at 9:00 AM EST. Institutional Shareholders Services (ISS) published the announcement last week.
Two Compensation Clawback Battles Heating Up
We are always pleased to share the insights of Attorney Michael Melbinger, Winston & Strawn LLP. The following commentary was published on June 20, 2019, on the Executive Compensation Blog and is highly informative but does not constitute legal advice. The executive benefits consulting professionals at Fulcrum Partners advise you to always consult your own tax, legal, and accounting advisers. …
SEC Compliance & Disclosure Interpretations that Could Affect Proxy Statements
One New Compliance and Disclosure Interpretation Potentially Affecting Proxy Statements Shared from the Executive Compensation Blog by Attorney Michael S. Melbinger. Earlier this month (May 11, 2018), the SEC’s Division of Corporation Finance issued 45 new Compliance and Disclosure Interpretations (CDIs) on [proxy statement] disclosure. Thirty-five of the new CDIs simply reiterate the guidance provided in the Telephone Interpretation Manual and the …
ICYMI: What Comes Next after Filing Your Proxy Statement
After Filing Your Proxy Statement ICYMI (In Case You Missed It) Fulcrum Partners is sharing these relevant insights from Attorney Michael S. Melbinger, a partner in the Chicago offices of Winston & Strawn LLP. Mike practices exclusively in the area of executive compensation and employee retirement benefit issues for corporations, boards of directors, partnerships, executives, and fiduciaries. At Fulcrum Partners, …