Exequity’s Quick-Take Study: Long-Term Incentive Trends: 2010 vs. 2009 CEO Long-Term Incentive Opportunity
After a general industry decline in long-term incentive (LTI) opportunity from 2008 to 2009, Exequity analyzed insider filings (Form 4) for the CEOs from Fortune 500 companies to gauge the percent change in LTI opportunity from 2009 to 2010. Overall, our study found that median LTI opportunity increased 8% relative to a 36% stock price [...]
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 [...]
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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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