Energy Insights

The Impact of Recent Pay Actions on Severance Arrangements

Our recent posts have summarized a range of compensation actions across the oil and gas industry that companies have either announced or are considering in response to the current market environment.

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These actions have included pay reductions, work furloughs, and layoffs. Among other matters, companies likely need to evaluate the impact of these actions on severance benefits. Multiple types of arrangements provide for cash and other benefits in the event of…

Shareholders Will Likely Feel the Pain of Proposed Tax Reforms

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

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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…

Changing the Role of Proxy Disclosures

With Rules Changing Companies Have an Opportunity to Focus on Disclosure Improvements

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The recent release of the SEC’s proposed rules on CEO Pay Ratio disclosure has everybody thinking about preparation of their proxy disclosures. While changes required under these proposed rules likely won’t be in effect until the 2016 proxy season, there…

Finding a New Leader

Important Considerations When Hiring a New CEO

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Our last post offered several possible compensation and governance trends that may accompany leadership changes in the energy industry. This post provides some considerations in developing a new CEO’s compensation package to help steer clear of unwanted scrutiny from shareholders…

Dealing with Dissent

What to do if You Receive an Against Vote Recommendation from ISS

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The proxy season is shifting into high gear as most companies file their 2013 proxy statements. Companies will anxiously await shareholder advisor recommendations hoping for support on various compensation matters (e.g., Say on Pay, equity plans). Energy companies should have…