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	<title>EdwardHauder.com &#187; Burn Rate</title>
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	<description>Ed Hauder&#039;s Equity Compensation Blog</description>
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		<title>ISS Issues 2012 Burn Rate Caps</title>
		<link>http://edwardhauder.com/2012/01/03/iss-issues-2012-burn-rate-caps/</link>
		<comments>http://edwardhauder.com/2012/01/03/iss-issues-2012-burn-rate-caps/#comments</comments>
		<pubDate>Tue, 03 Jan 2012 23:15:37 +0000</pubDate>
		<dc:creator>Ed Hauder</dc:creator>
				<category><![CDATA[Burn Rate]]></category>
		<category><![CDATA[Equity Compensation Plans]]></category>
		<category><![CDATA[ISS]]></category>
		<category><![CDATA[ISS Policies]]></category>

		<guid isPermaLink="false">http://edwardhauder.com/?p=755</guid>
		<description><![CDATA[ISS recently released its 2012 Burn Rate Caps as part of its 2012 U.S. Proxy Voting Summary Guidelines (December 19, 2011), p. 44, available at http://www.issgovernance.com/files/2012USSummaryGuidelines.pdf The presentation below includes these burn rate caps as well as a chart looking at how the caps have changed from 2009 through 2012.  Update: After posting this, I discovered that [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>2011 Burn Rate Calculator Posted</title>
		<link>http://edwardhauder.com/2011/04/04/2011-burn-rate-calculator-posted/</link>
		<comments>http://edwardhauder.com/2011/04/04/2011-burn-rate-calculator-posted/#comments</comments>
		<pubDate>Mon, 04 Apr 2011 21:46:58 +0000</pubDate>
		<dc:creator>Ed Hauder</dc:creator>
				<category><![CDATA[Blog News]]></category>
		<category><![CDATA[Burn Rate]]></category>

		<guid isPermaLink="false">http://edwardhauder.com/?p=641</guid>
		<description><![CDATA[I&#8217;ve updated my Burn Rate Calculator for the 2011 ISS Burn Rate Caps and it is now available under Reference Materials &#8211;&#62; Excel Tools. Given that Fidelity has apparently abandoned dilution in favor of 3-year average burn rate, which the Burn Rate Calculator also calculates for you, you might find some use for it. Share [...]]]></description>
		<wfw:commentRss>http://edwardhauder.com/2011/04/04/2011-burn-rate-calculator-posted/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>More Information on Fidelity&#8217;s 2011 Proxy Voting Guidelines</title>
		<link>http://edwardhauder.com/2011/04/03/more-information-on-fidelitys-2011-proxy-voting-guidelines/</link>
		<comments>http://edwardhauder.com/2011/04/03/more-information-on-fidelitys-2011-proxy-voting-guidelines/#comments</comments>
		<pubDate>Sun, 03 Apr 2011 13:19:15 +0000</pubDate>
		<dc:creator>Ed Hauder</dc:creator>
				<category><![CDATA[Burn Rate]]></category>
		<category><![CDATA[Equity Compensation Plans]]></category>
		<category><![CDATA[Fidelity]]></category>
		<category><![CDATA[Institutional Investors]]></category>
		<category><![CDATA[Shareholder Approval]]></category>

		<guid isPermaLink="false">http://edwardhauder.com/?p=632</guid>
		<description><![CDATA[Well, I have learned a bit more about Fidelity&#8217;s 2011 Proxy Voting Guidelines (thanks to Reid Pearson at Alliance Advisors for sharing what he had learned with me as well).  Here is what I believe to be true about the new Fidelity guidelines: The new guidelines, including the burn rate policy for equity plan proposals, [...]]]></description>
		<wfw:commentRss>http://edwardhauder.com/2011/04/03/more-information-on-fidelitys-2011-proxy-voting-guidelines/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Fidelity Issues 2011 Proxy Voting Guidelines</title>
		<link>http://edwardhauder.com/2011/03/28/fidelity-issues-2011-proxy-voting-guidelines/</link>
		<comments>http://edwardhauder.com/2011/03/28/fidelity-issues-2011-proxy-voting-guidelines/#comments</comments>
		<pubDate>Mon, 28 Mar 2011 12:32:08 +0000</pubDate>
		<dc:creator>Ed Hauder</dc:creator>
				<category><![CDATA[Burn Rate]]></category>
		<category><![CDATA[Dilution]]></category>
		<category><![CDATA[Equity Compensation Plans]]></category>
		<category><![CDATA[Fidelity]]></category>
		<category><![CDATA[Industry News]]></category>
		<category><![CDATA[Plan / Plan Amendment Approval Process]]></category>
		<category><![CDATA[Shareholder Approval]]></category>

		<guid isPermaLink="false">http://edwardhauder.com/?p=629</guid>
		<description><![CDATA[Fidelity just issued its 2011 Proxy Voting Guidelines.  As promised, they are a significant departure from past guidelines in the area of equity plan proposals. Where in years past Fidelity looked to dilution as the guiding principle along with assorted other concerns in determining its vote on equity plan proposals, it has now replaced that [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>ISS Burn Rate Caps for 2011</title>
		<link>http://edwardhauder.com/2011/01/21/iss-burn-rate-caps-for-2011/</link>
		<comments>http://edwardhauder.com/2011/01/21/iss-burn-rate-caps-for-2011/#comments</comments>
		<pubDate>Fri, 21 Jan 2011 16:23:15 +0000</pubDate>
		<dc:creator>Ed Hauder</dc:creator>
				<category><![CDATA[Burn Rate]]></category>
		<category><![CDATA[Equity Compensation Plans]]></category>
		<category><![CDATA[ISS]]></category>
		<category><![CDATA[ISS Policies]]></category>

		<guid isPermaLink="false">http://edwardhauder.com/?p=574</guid>
		<description><![CDATA[This presentation looks at the ISS Burn Rate Caps for 2011 and also provides a comparison chart that looks at ISS Burn Rate Caps for 2009-2011. ISS Burn Rate Caps: 2009-2011 View more presentations from Edward Hauder. Share and Enjoy:]]></description>
		<wfw:commentRss>http://edwardhauder.com/2011/01/21/iss-burn-rate-caps-for-2011/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>ISS Issues 2011 Burn Rate Caps (Twice!)</title>
		<link>http://edwardhauder.com/2010/12/16/iss-issues-2011-burn-rate-caps-twice/</link>
		<comments>http://edwardhauder.com/2010/12/16/iss-issues-2011-burn-rate-caps-twice/#comments</comments>
		<pubDate>Thu, 16 Dec 2010 22:15:33 +0000</pubDate>
		<dc:creator>Ed Hauder</dc:creator>
				<category><![CDATA[Burn Rate]]></category>
		<category><![CDATA[ISS]]></category>
		<category><![CDATA[ISS Policies]]></category>

		<guid isPermaLink="false">http://edwardhauder.com/?p=545</guid>
		<description><![CDATA[This morning ISS released its 2011 Burn Rate Caps. A little later in the day ISS issued a corrected version of the 2011 Burn Rate Caps to address some issues with the non-Russell 3000 company burn rate caps. Here is a link to a publication that contains the 2011 Burn Rate Caps &#8211; see page [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>2010 Burn Rate Calculator Available</title>
		<link>http://edwardhauder.com/2010/08/12/2010-burn-rate-calculator-available/</link>
		<comments>http://edwardhauder.com/2010/08/12/2010-burn-rate-calculator-available/#comments</comments>
		<pubDate>Thu, 12 Aug 2010 18:01:47 +0000</pubDate>
		<dc:creator>Ed Hauder</dc:creator>
				<category><![CDATA[Burn Rate]]></category>
		<category><![CDATA[Equity Compensation Plans]]></category>
		<category><![CDATA[ISS]]></category>

		<guid isPermaLink="false">http://edwardhauder.com/?p=473</guid>
		<description><![CDATA[I finally had some time to work out the automation details on my burn rate calculator spreadsheet.  I&#8217;ve uploaded it for folks to use to my Excel Tools page under Reference Materials.  Because I don&#8217;t want you to have to spend a lot of time hunting for that, just click on the following link to [...]]]></description>
		<wfw:commentRss>http://edwardhauder.com/2010/08/12/2010-burn-rate-calculator-available/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Special Report: Equity Plan Proposal Failures: 2007-2009</title>
		<link>http://edwardhauder.com/2010/06/10/special-report-equity-plan-proposal-failures-2007-2009/</link>
		<comments>http://edwardhauder.com/2010/06/10/special-report-equity-plan-proposal-failures-2007-2009/#comments</comments>
		<pubDate>Thu, 10 Jun 2010 18:15:41 +0000</pubDate>
		<dc:creator>Ed Hauder</dc:creator>
				<category><![CDATA[Burn Rate]]></category>
		<category><![CDATA[Corporate Governance]]></category>
		<category><![CDATA[Dilution]]></category>
		<category><![CDATA[Equity Compensation Plans]]></category>
		<category><![CDATA[ISS Policies]]></category>
		<category><![CDATA[Plan / Plan Amendment Approval Process]]></category>
		<category><![CDATA[Shareholder Approval]]></category>
		<category><![CDATA[Voting on Equity Plan Proposals]]></category>

		<guid isPermaLink="false">http://edwardhauder.com/?p=390</guid>
		<description><![CDATA[The Special Report: Equity Plan Proposal Failures: 2007-2009, Lessons to Consider When Requesting Shares, has been posted on the Special Reports page of this blog under &#8220;Reference Materials.&#8221; (Note: you&#8217;ll need to have the password to access this page. The password is available to anyone who signs up for Ed&#8217;s weekly newsletter in the left-hand [...]]]></description>
		<wfw:commentRss>http://edwardhauder.com/2010/06/10/special-report-equity-plan-proposal-failures-2007-2009/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Sample RMG Burn Rate Commitment Language</title>
		<link>http://edwardhauder.com/2010/02/05/sample-rmg-burn-rate-commitment-language/</link>
		<comments>http://edwardhauder.com/2010/02/05/sample-rmg-burn-rate-commitment-language/#comments</comments>
		<pubDate>Fri, 05 Feb 2010 13:52:57 +0000</pubDate>
		<dc:creator>Ed Hauder</dc:creator>
				<category><![CDATA[Burn Rate]]></category>
		<category><![CDATA[ISS]]></category>
		<category><![CDATA[ISS Policies]]></category>

		<guid isPermaLink="false">http://edwardhauder.com/?p=238</guid>
		<description><![CDATA[Last week I blogged about the new burn rate commitments that RiskMetrics Group&#8217;s (RMG&#8217;s) Research Group was accepting.  Thanks to a reader, I&#8217;m now able to share sample burn rate commitment language that was supported by RMG: The Company commits to a three-year average burn rate for the years 2010, 2011 and 2012 not to [...]]]></description>
		<wfw:commentRss>http://edwardhauder.com/2010/02/05/sample-rmg-burn-rate-commitment-language/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Another Burn Rate Commitment RiskMetrics Should Consider</title>
		<link>http://edwardhauder.com/2010/01/29/another-burn-rate-commitment-riskmetrics-should-consider/</link>
		<comments>http://edwardhauder.com/2010/01/29/another-burn-rate-commitment-riskmetrics-should-consider/#comments</comments>
		<pubDate>Fri, 29 Jan 2010 17:22:28 +0000</pubDate>
		<dc:creator>Ed Hauder</dc:creator>
				<category><![CDATA[Burn Rate]]></category>
		<category><![CDATA[ISS]]></category>
		<category><![CDATA[ISS Policies]]></category>

		<guid isPermaLink="false">http://edwardhauder.com/?p=236</guid>
		<description><![CDATA[Well, as expected, RiskMetrics Research Group is being a little flexible when it comes to companies&#8217; burn rate commitments for 2010 (for the full details, read this blog entry). But, as I indicated, given the speculative nature of two of the new allowable options, I don&#8217;t think many companies will easily undertake such commitments. After [...]]]></description>
		<wfw:commentRss>http://edwardhauder.com/2010/01/29/another-burn-rate-commitment-riskmetrics-should-consider/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
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