Energy Insights

Current filters:Energy Insights

The BP Shareholder Vote: A Cautionary Tale

Despite using the "correct" process, BP shareholders still took issue with the company's compensation programs.

Posted by on

Compensation is often more about the message than the money. BP’s recent shareholder vote offered some valuable lessons for other energy companies about sending the right messages to shareholders when commodity prices impact business results. On April 14th, nearly 60%…

Proposed Pay for Performance Disclosures May Actually Help

Benefits of the proposed disclosures include a standardized methodology for realizable pay and additional data that will facilitate shareholder analysis.

Posted by on

The SEC recently proposed rules outlining a new CD&A disclosure coming out of Dodd-Frank (see Meridian Alert here) – these rules require disclosure of the link between performance and compensation “actually paid”. While the proposed disclosures will likely require a…

Compensation When Oil is in the $40’s

With oil prices in the $40 per-barrel range, this creates an entirely new environment for oil and gas compensation decisions. Meridian analyzes the themes and realities for 2015.

Posted by on

Oil prices in the $40s create an entirely new environment for oil and gas compensation decisions this year. From our vantage point across the industry we’ve noted several important themes and realities: Situations differ. Low prices impact everyone, but some…

SEC Releases New Guidance on Proxy Advisors

Meridian Expects to See Change, but it Might not be as Much as Some Would Like

Posted by on

After months of speculation, the SEC has recently released its highly anticipated guidance on investment advisors and on proxy advisors (see our recent client alert). I know many Boards and senior executives will be pleased to see progress in this…

ISS Continues its Unpredictability

While ISS Remains Influential, Some of its Decisions are Inconsistent From Company to Company

Posted by on

The 2014 proxy season is almost over for calendar year companies. Based on our analysis, ISS continues to play an influential role and the energy industry continues to be one of their favorite targets, but it’s getting more difficult to…

Shareholders Will Likely Feel the Pain of Proposed Tax Reforms

Changes Intended to Address Executive Compensation Will Likely Have a Larger Effect on Shareholders

Posted by on

As noted in a recent Meridian Client Update, a comprehensive draft proposal to reform the Internal Revenue Code (IRC) was released in February by the Chairman of the House Ways and Means Committee. Among the proposed reforms is the elimination…

2013 Say on Pay Recap

ISS Continues Tough Stance on the Industry

Posted by on

With another proxy season behind us, one of the key headlines is ISS’s subjective application of its policies and its continued focus on the energy industry. While energy isn’t the only industry in their crosshairs, ISS continues to be critical…

2013 ISS Recommendation Trends

ISS Recommendations for the Energy Industry are Looking Up This Year with Fewer Against Votes Than Last Year

Posted by on

We’re about midway through the 2013 proxy season and so far, the energy industry is faring better than last year with ISS. 12% of energy companies have received a Say on Pay AGAINST recommendation from ISS this year as opposed…