Energy Insights

Should We Cut Outside Director Compensation?

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In our last two postings, we highlighted a number of potential compensation implications for oil & gas companies in the current environment. Beginning with this update, we’ll select some key topics to review in a bit more depth. And, since…

2019 Say on Pay Outcomes in Oil & Gas Continue to Trail General Industry

Several oil & gas companies had a rough proxy season in 2019, with overall lukewarm shareholder support for executive pay programs in the industry.

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While many companies received kudos from investors for the addition of returns-oriented incentive metrics, others struggled to demonstrate pay-for-performance alignment or continued to make aggressive pay actions despite lackluster shareholder returns in 2018. In this posting, we take a look…

The Real Problem with the CEO Pay Ratio

SEC issued proposed rules on the CEO pay ratio rule are still no closer to finding out what’s going to be in the final rules, when they will be issued, or when they will be effective.

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It’s been more than a year since the SEC issued proposed rules on the CEO pay ratio rule, and we are still no closer to finding out what’s going to be in the final rules, when they will be issued,…

SEC Releases New Guidance on Proxy Advisors

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

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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…

Compensation Implications of CEO Transitions

Executive Compensation Plays an Important Role in Planning for CEO Transitions

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It’s no secret that CEO succession and transition planning has become an increasingly hot topic in the boardroom and a focus of outside investors. Board committees responsible for succession planning are including this topic as a part of the ongoing…

Oil & Gas Industry Outside Director Compensation Trends

Meridian Analyzed 16 Oil and Gas Companies to Determine Key Themes in Compensation

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There have been a number of studies released recently on the topic of outside director compensation, covering practices across industries. In this posting, we’ll dig deeper into outside director compensation practices within the oil & gas industry. Meridian recently analyzed…

Stock Options—Too early to administer last rites?

Companies are Gradually Doing Away with Stock Options in Favor Of Performance Shares

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In a recent Wall Street Journal article “Last Gasp for Stock Options?” the author takes a pretty grim view on the future of stock options. Is this really a bold new claim or is it old news? To be sure,…

2013 Say on Pay Recap

ISS Continues Tough Stance on the Industry

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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 Proxy Disclosure Trends: Pay-for-Performance

Notable Pay-for-Performance Disclosures Made By Energy Companies This Year

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The 2013 proxy season is now in full swing, with dozens of energy industry companies having filed their latest proxy. One of the areas of significant attention this year is pay-for-performance disclosure. So far in 2013, we’ve already seen some…