Equity is an increasingly important component of director compensation and is designed to create alignment with shareholders and deliver competitive pay.
Meridian reports on outcomes on management Say on Pay (“MSOP”) proposals for Russell 3000 companies. We also track ISS vote recommendations on Russell 3000 companies’ MSOPs and the correlation between ISS vote recommendations and vote outcomes
This client update looks at the 4 most common types of board leadership at Canadian companies: Independent Chair, Combined CEO and Chair, Executive Chair and Lead Director.
The Canadian Coalition for Good Governance (CCGG) released its new executive compensation principles
The Courts continue to strike down lawsuits arising from failed say on pay votes. The latest defeat occurred on March 14, 2013 in the U.S. District Court for the District of Delaware which dismissed such a suit against Hercules Offshore Inc.
SEC Approves NYSE and NASDAQ OMX Rule Changes Relating to Compensation Committee Independence Standards
Click here to view Daniel Rodda and Michael Brittian's recent article published on BankDirector.com.
Click here to view Annette Leckie and Daniel Rodda's recent article published on BoardMember.com.
SEC Issues Final Rule on Independence Standards for Compensation Committees and Disclosure of Consultant Conflicts
Shareholders of Nabors Industries and Chesapeake Energy Approve Proxy Access Proposals
Early Vote Outcomes Show Shareholders Continue Their Overwhelming Support for Say on Pay Proposals
There are some key differences that Canadian directors should be aware of when sitting on boards of U.S., or cross listed companies.
Courts continue to dismiss Say on Pay lawsuits; Auditors may be required to assess financial risks posed by executive compensation
Meridian Compensation Partners’ study examined executive share ownership practices at the S&P/TSX 60
ISS has released technical guidance on their new pay-for-performance test
Courts dismiss Say on Pay Lawsuits
CC Handbook press release
Unable to meet its previously announced deadline of 12/31/11, the SEC is again delaying the expected date on which it will adopt final rules relating to the Dodd-Frank Wall Street Reform and Consumer Protection Act
This Client Update provides an in-depth look at this new methodology and the guidance provided under the ISS white paper.
Description- ISS Releases Documents on Governance Risk Indicators and Evaluating Pay for Performance Alignment
Meridian Compensation Partners recently completed a study that compared the outside director compensation practices at the S&P/TSX 60 index companies and at 322 U.S. public companies with comparable revenue.
In October, the CCGG released its guidelines for equity-controlled companies which include several of Canada’s largest public corporations and in November ISS released changes to its voting policies for Canadian companies.
Highlights of SEC Chair Schapiro’s address to The Conference board regarding SEC’s goals on Say on Pay.
The 2012 Draft Policy Updates propose key changes to ISS’ Proxy Voting Guidelines on executive compensation and corporate governance issues.
Highlights of ISS 2011-2012 Policy Survey and Council of Institutional Investors White Paper on Say on Pay Votes
Client Update regarding SEC decision to not appeal court ruling regarding proxy access
Summary or changes in executive compensation proxy disclosure in 2012
SEC delays planned adoption of certain rules related to executive compensation disclosures
Client Update regarding D.C. court of appeals rejecting SEC proxy access rules
Updated say on pay on say on vote frequency results as of July 20, 2011
The five key governance issues for Canadian Compensation Committees to address in 2011 are: risk adjusted compensation; hedging share based compensation; clawback provisions; experience and education of Compensation Committee members; and shareholder enga
House Committee Passes Bill to Repeal Dodd-Frank Act’s CEO Pay Ratio Disclosure Provision
A senior hire in our Toronto office, Christina brings decades of relevant experience.
Updated vote outcomes from Russell 3000 and S&P 500 companies
Navigating the SEC’s proposed rules for independence of Compensation Committees
Vote outcomes from Russell 3000 and S&P 500 companies
We compare SEC final rules to what was proposed regarding Say on Pay.
Certain SEC rulemaking is delayed until August – December 2011
Shareholders Support Annual Say on Pay
ISS provides guidance regarding frequency of advisory votes on executive compensation, problematic pay practices, commitments to remedy problematic pay practices, and votes on golden parachute arrangements.
Say on Pay Frequency board recommendations for Russell 3000 companies, by company
ISS Announces 2010-2011 Policy Survey Results
ISS Releases 2011 Corporate Governance Policy Update
Concept Release SEC Comment Letter
Dodd Frank Act SEC Comment Letter
SEC Issues Proposed Rules on Say on Pay, Say on Vote Frequency and Say on Golden Parachutes
SEC Announces Delay in Proxy Access Rules
SEC Issues a Concept Release that reviews the current state of the U.S. proxy system and seeks public comment regarding concerns raised regarding “the accuracy, reliability, transparency, accountability and integrity of the proxy system, including the rol
Companies that mailed their 2010 proxy statements prior to March 15, 2010 will not be subject to the recently adopted proxy access rules until the 2012 proxy season
Proxy Access Effective Dates
The SEC has signaled that most of the executive compensation/corporate governance provisions under the Dodd-Frank Act will not be in effect for the majority of the 2011 proxy season.
Pay Czar Rules on Prior Pay Packages
Congress Passes Dodd-Frank Act - Updated
Highlights of the Dodd - Frank Bills
Clarification Regarding CIC Cure Period
RMG Changes CIC Cure Period
The March 2010 budget eliminated the deferral of tax on the exercise of options and capital gains treatment on the exercise of a stock appreciation right and requires tax withholdings on the exercise of an option.
Canadian securities regulators implement significant changes to the rules governing the disclosure of executive compensation.
Canadian securities regulators propose significant changes to the rules governing the disclosure of executive compensation.
