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	<title>EdwardHauder.com</title>
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	<link>http://edwardhauder.com</link>
	<description>Ed Hauder&#039;s Equity Compensation Blog</description>
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		<title>Ever Wonder How ISS&#8217;s Parent, MSCI Inc., Might Fare under its 2012 P4P and SOP Policies?</title>
		<link>http://edwardhauder.com/2012/04/25/ever-wonder-how-isss-parent-msci-inc-might-fare-under-its-2012-p4p-and-sop-policies/</link>
		<comments>http://edwardhauder.com/2012/04/25/ever-wonder-how-isss-parent-msci-inc-might-fare-under-its-2012-p4p-and-sop-policies/#comments</comments>
		<pubDate>Wed, 25 Apr 2012 17:33:02 +0000</pubDate>
		<dc:creator>Ed Hauder</dc:creator>
				<category><![CDATA[ISS]]></category>
		<category><![CDATA[ISS Policies]]></category>
		<category><![CDATA[Say on Pay]]></category>

		<guid isPermaLink="false">http://edwardhauder.com/?p=798</guid>
		<description><![CDATA[ISS&#8217;s parent, MSCI Inc., filed its proxy March 19, 2012 for its annual shareholder meeting on May 2, 2012. ISS indicated that it will not issue one of its Proxy Reports for MSCI as that would present a conflict of interest. Without an ISS Proxy Report, we will not know how MSCI would fare under [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>Another Failed SOP Vote</title>
		<link>http://edwardhauder.com/2012/04/19/another-failed-sop-vote/</link>
		<comments>http://edwardhauder.com/2012/04/19/another-failed-sop-vote/#comments</comments>
		<pubDate>Thu, 19 Apr 2012 12:49:53 +0000</pubDate>
		<dc:creator>Ed Hauder</dc:creator>
				<category><![CDATA[Say on Pay]]></category>

		<guid isPermaLink="false">http://edwardhauder.com/?p=792</guid>
		<description><![CDATA[A story in today&#8217;s The Wall Street Journal indicates that the shareholders of FirstMerit Corp. on April 18, 2012 did not vote in favor of the company&#8217;s SOP vote.  The WSJ story can be found HERE. FirstMerit Corp. has not yet filed the voting results for its annual meeting. Share and Enjoy:]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Companies Filing Additional Materials to Support Their SOP Votes</title>
		<link>http://edwardhauder.com/2012/04/18/companies-filing-additional-materials-to-support-their-sop-votes/</link>
		<comments>http://edwardhauder.com/2012/04/18/companies-filing-additional-materials-to-support-their-sop-votes/#comments</comments>
		<pubDate>Wed, 18 Apr 2012 20:52:28 +0000</pubDate>
		<dc:creator>Ed Hauder</dc:creator>
				<category><![CDATA[ISS]]></category>
		<category><![CDATA[Pay for Performance]]></category>
		<category><![CDATA[Say on Pay]]></category>

		<guid isPermaLink="false">http://edwardhauder.com/?p=789</guid>
		<description><![CDATA[Since April 3, 2012, a few more companies have filed additional proxy materials to support their SOP votes (click on the company name to be taken to the materials they filed with the SEC): April 4, 2012: United States Steel Corporation filed material to refute a negative ISS SOP vote recommendation, primarily by objecting to the ISS [...]]]></description>
		<wfw:commentRss>http://edwardhauder.com/2012/04/18/companies-filing-additional-materials-to-support-their-sop-votes/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Two More Failed SOP Votes in 2012</title>
		<link>http://edwardhauder.com/2012/04/17/two-more-failed-sop-votes-in-2012/</link>
		<comments>http://edwardhauder.com/2012/04/17/two-more-failed-sop-votes-in-2012/#comments</comments>
		<pubDate>Tue, 17 Apr 2012 18:32:05 +0000</pubDate>
		<dc:creator>Ed Hauder</dc:creator>
				<category><![CDATA[Say on Pay]]></category>

		<guid isPermaLink="false">http://edwardhauder.com/?p=786</guid>
		<description><![CDATA[Well, add two more failed Say-on-Pay (SOP) votes to the tally for 2012: KB Home (April 12, 2012) – only 45.6% of votes were “For” SOP Citigroup Inc. (April 17, 2012) - vote results not yet available Share and Enjoy:]]></description>
		<wfw:commentRss>http://edwardhauder.com/2012/04/17/two-more-failed-sop-votes-in-2012/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>More Companies File Additional Proxy Materials to Support their Say on Pay Votes</title>
		<link>http://edwardhauder.com/2012/04/03/more-companies-file-additional-proxy-materials-to-support-their-say-on-pay-votes/</link>
		<comments>http://edwardhauder.com/2012/04/03/more-companies-file-additional-proxy-materials-to-support-their-say-on-pay-votes/#comments</comments>
		<pubDate>Tue, 03 Apr 2012 19:09:35 +0000</pubDate>
		<dc:creator>Ed Hauder</dc:creator>
				<category><![CDATA[ISS]]></category>
		<category><![CDATA[ISS Policies]]></category>
		<category><![CDATA[Say on Pay]]></category>

		<guid isPermaLink="false">http://edwardhauder.com/?p=783</guid>
		<description><![CDATA[On April 2, 2012, two companies filed additional proxy materials used to support their Say on Pay (SOP) votes: Associated Banc-Corp. filed a presentation that walked through the recent changes to their compensation programs and looked at the company&#8217;s stock ownership guidelines and the employment agreement with its CEO.  ASBC doesn&#8217;t come out and directly indicate [...]]]></description>
		<wfw:commentRss>http://edwardhauder.com/2012/04/03/more-companies-file-additional-proxy-materials-to-support-their-say-on-pay-votes/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Recent Say-on-Pay (SOP) Research and Analysis</title>
		<link>http://edwardhauder.com/2012/03/28/recent-say-on-pay-sop-research-and-analysis/</link>
		<comments>http://edwardhauder.com/2012/03/28/recent-say-on-pay-sop-research-and-analysis/#comments</comments>
		<pubDate>Wed, 28 Mar 2012 12:33:58 +0000</pubDate>
		<dc:creator>Ed Hauder</dc:creator>
				<category><![CDATA[Glass Lewis]]></category>
		<category><![CDATA[ISS]]></category>
		<category><![CDATA[Say on Pay]]></category>

		<guid isPermaLink="false">http://edwardhauder.com/?p=780</guid>
		<description><![CDATA[On Say-on-Pay.com I recently posted links to several research papers that have looked at the 2011 SOP vote results and/or the influence of proxy advisors such as ISS and Glass Lewis on the SOP voting in 2011.  Here are links to those blog entries with more details: New Research on 2011 SOP Voting Results ISS [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Ed Hauder Participated in Equilar&#8217;s Reviewing Pay-for-Performance Disclosures in Early Proxies Webcast</title>
		<link>http://edwardhauder.com/2012/03/06/ed-hauder-will-participate-in-equilars-reviewing-pay-for-performance-disclosures-in-early-proxies-webcast/</link>
		<comments>http://edwardhauder.com/2012/03/06/ed-hauder-will-participate-in-equilars-reviewing-pay-for-performance-disclosures-in-early-proxies-webcast/#comments</comments>
		<pubDate>Tue, 06 Mar 2012 22:48:17 +0000</pubDate>
		<dc:creator>Ed Hauder</dc:creator>
				<category><![CDATA[Speeches]]></category>

		<guid isPermaLink="false">http://edwardhauder.com/?p=775</guid>
		<description><![CDATA[Ed Hauder participated in the last webcast of Equilar’s 2012 Pay-for-Performance Webcast series, Reviewing Pay-for-Performance Disclosures in Early Proxies, on Wednesday, March 7, 2012. Equilar’s webinar on “Early Disclosure and Say-on-Pay” featured Charlie Tharp of the Center on Executive Compensation and Ed Hauder of Exequity. Below are the links to both the replay and the slides. Click here to view the replay. [...]]]></description>
		<wfw:commentRss>http://edwardhauder.com/2012/03/06/ed-hauder-will-participate-in-equilars-reviewing-pay-for-performance-disclosures-in-early-proxies-webcast/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Countering Negative ISS Vote Recommendation on Say on Pay</title>
		<link>http://edwardhauder.com/2012/03/04/countering-negative-iss-vote-recommendation-on-say-on-pay/</link>
		<comments>http://edwardhauder.com/2012/03/04/countering-negative-iss-vote-recommendation-on-say-on-pay/#comments</comments>
		<pubDate>Mon, 05 Mar 2012 03:55:05 +0000</pubDate>
		<dc:creator>Ed Hauder</dc:creator>
				<category><![CDATA[ISS]]></category>
		<category><![CDATA[ISS Policies]]></category>

		<guid isPermaLink="false">http://edwardhauder.com/?p=773</guid>
		<description><![CDATA[I just posted a new entry over on Say-on-Pay.com that looks at additional proxy materials filed by companies so far during the 2012 proxy season to address negative ISS vote recommendations on Say on Pay votes, generally as a result of ISS&#8217;s new Pay-for-Performance policy.  Below is the link to that blog entry: Countering Negative [...]]]></description>
		<wfw:commentRss>http://edwardhauder.com/2012/03/04/countering-negative-iss-vote-recommendation-on-say-on-pay/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>ISS Posts 2012 Compensation FAQs</title>
		<link>http://edwardhauder.com/2012/01/26/iss-posts-2012-compensation-faqs/</link>
		<comments>http://edwardhauder.com/2012/01/26/iss-posts-2012-compensation-faqs/#comments</comments>
		<pubDate>Thu, 26 Jan 2012 19:09:39 +0000</pubDate>
		<dc:creator>Ed Hauder</dc:creator>
				<category><![CDATA[ISS]]></category>
		<category><![CDATA[ISS Policies]]></category>
		<category><![CDATA[Pay for Performance]]></category>
		<category><![CDATA[Questions]]></category>
		<category><![CDATA[Voting on Equity Plan Proposals]]></category>

		<guid isPermaLink="false">http://edwardhauder.com/?p=766</guid>
		<description><![CDATA[On January 25, 2012, ISS posted its first set of compensation frequently asked questions (FAQs) about its 2012 policies.  The policies covered include: Pay-for-Performance, Management Say on Pay Responsiveness and Equity Plans.  Below is a summary of the FAQs that were presented for each policy. Pay-for-Performance (P4P) CEOs who have not been in their positions [...]]]></description>
		<wfw:commentRss>http://edwardhauder.com/2012/01/26/iss-posts-2012-compensation-faqs/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<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>
		<wfw:commentRss>http://edwardhauder.com/2012/01/03/iss-issues-2012-burn-rate-caps/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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