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.
Attorney Mike Melbinger, author of the Executive Compensation Blog, says he is officially putting away his crystal ball when it comes to predicting (or second guessing) the timing of actions by the Securities and Exchange Commission. Nevertheless, he does point out that select issues are on the SEC’s radar, including specific executive compensation issues, such as the recovery of erroneously awarded compensation.
Mandated ESG Disclosure (Environmental, Social, Governance*) by publicly held companies moves closer to reality. The Investor-as-Owner Subcommittee of the U.S. Securities and Exchange Commission’s Investor Advisory Committee’s has voted 14-4 to approve a recommendation that urges the SEC to update the reporting requirements for public companies to include material, decision-useful environmental, social, and governance (ESG) factors. The form the mandate …
COVID-19 has painted a crystal-clear picture of the critical value of human capital. And with this heightened awareness comes an accelerated pace for new human capital governance. But even before the global pandemic abruptly redefined just about everything, Attorney Mike Melbinger, a partner in the Chicago offices of Winston & Strawn, and others were already taking note of the developing sentiment that matters of human capital management should rest squarely on the shoulders of Compensation Committees.
Today we’re sharing Part 2 of an article written by Mike Melbinger on the timely and challenging matter of stock option repricing. Mike is a Partner in the Chicago Office of Winston & Strawn LLP. His law practice focuses exclusively on executive compensation and employee retirement benefit issues. Use this link to catch up, if you missed Part 1 yesterday of “Stock Option Repricing: When You Are Underwater.”
Stock option repricing is a complex and typically problematic topic. Attorney Mike Melbinger has provided us his insights on the matter. Deferred Compensation News is sharing Mike’s comments here in a two-part series. Read Part 1 featured below along with Mike’s follow up, published here tomorrow.
Attorney Mike Melbinger always brings us informative insights. Deferred Compensation News is pleased to share Mike’s recent post on the topic of foregone compensation and related reporting requirements. This information was first published on the Executive Compensation Blog on March 31, 2020.
The following is an update in which Attorney Mike Melbinger, Partner, Winston & Strawn, does the heavy lifting in reviewing ongoing interpretive releases issued by the Securities and Exchange Commission (SEC) on the topic of Key Performance Metrics in Management’s Discussion and Analysis, the Financial Condition and Results of Operations (the “MD&A”).
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, …
Last week the Securities and Exchange Commission (SEC) passed the Regulation Best Interest Rule which the commission says, “will simplify consumer’s lives and tighten the standards governing brokers who sell investment products.” You can read the Commission’s final rule here: Regulation Best Interest The Broker-Dealer Standard of Conduct On June 5, the AALU (Association for Advanced Life Underwriting) issued the …
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