Heads Up: Does performance (TSR) measured on another day smell as sweet?
RiskMetrics uses the median 1- and 3-year Total Shareholder Returns (TSRs) for a company’s 4-digit GICS industry group in applying the first screen of its pay for performance test. Only if a company’s own 1- and 3-year TSR are both below the company’s GICS industry group 1- and 3-year medians, will RiskMetrics continue on with [...]
New SEC Staff Guidance Addresses Equity Awards’ Disclosure
On March 1, 2010, the SEC Staff again updated the Regulation S-K Compliance & Disclosure Interpretations (C&DIs).
If a company chooses to report the grant date fair value assumptions for equity awards in relation to the Grants of Plan-Based Awards Table, it can satisfy the Summary Compensation Table disclosure requirements for such information by referencing the [...]
IRS Issues Information on Methods for Voluntarily Correcting Section 409A Plan Document Failures
The IRS issued Notice 2010-6 which provides a volunatry correction program for documentary requirement failures under Section 409A. The full text of the Notice can be found at: http://www.irs.gov/pub/irs-drop/n-10-06.pdf
Transition Guidance for SEC’s New Proxy Disclosure Rules Issued
Earlier today the SEC issued several Compliance & Disclosure Interpretations (C&DIs) that provide guidance to companies on how to transition to the final proxy disclosure rules issued on December 16, 2009. There had been a number of questions regarding how and when the new rules would apply.
For companies with fiscal years ending on or after [...]
SEC Issues Final Proxy Disclosure Rule Amendments
The U.S. Securities and Exchange Commission met this morning and voted 4 to 1 in favor of approving the amendments to the proxy disclosure rules that were issued over the summer with some changes. I’ll review the final amended rules and blog in the coming days about the changes that will impact equity compensation. In the [...]
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Polls
Do you think companies will include negative disclosure about Compensation Risk Disclosure in their 2010 proxies?
- No (57%, 4 Votes)
- Yes (43%, 3 Votes)
- Uncertain (0%, 0 Votes)
Total Voters: 7
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