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    1. CEO Pay Ratio Disclosure: What We’ve Seen in Filings So Far

      CEO Pay Ratio Disclosure: What We’ve Seen in Filings So Far

      As proxy season gets started, we have already seen quite a few proxy statements and other filings, like Forms 10-K, that include the CEO pay ratio disclosures required by Dodd-Frank. In these filings, some consistent themes have arisen as well as some items and language that companies may want to consider including in their upcoming proxy statements...

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    2. “Say on Pay” Hasn’t Gone A-Way Under Tax Reform, Reminds ISS*

      “Say on Pay” Hasn’t Gone A-Way Under Tax Reform, Reminds ISS*

      “Say on Pay” Hasn’t Gone A-Way Under Tax Reform, Reminds ISS* Internal Revenue Code Section 162(m) imposes a $1 million limit on the amount most public companies can deduct for compensation paid to any “covered employee.” The Tax Cuts and Jobs Act (the Act) significantly changes Section 162(m) by eliminating the exception for “qualified performance-based compensation,” expanding the “covered employee” group and expanding the definition of “publicly held corporation.” Compliance with the now-defunct qualified performance-based compensation exception to Section 162(m) required covered companies to, among other things, periodically seek and obtain shareholder approval of executive compensation ...

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    3. Corporate Law & Governance Update

      Corporate Law & Governance Update

      The removal of four Wells Fargo directors, in connection with other sanctions imposed on the bank by the Federal Reserve, has far reaching implications for the corporate governance of large, sophisticated health care systems and other health industry companies. Announced on February 2, the Fed’s enforcement action has been widely interpreted as a powerful regulatory message of governance accountability for failures of board oversight...

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    4. What the Tax Cuts and Jobs Act Means for Executive Compensation

      What the Tax Cuts and Jobs Act Means for Executive Compensation

      The Tax Cuts and Jobs Act has been passed by both the House and the Senate and signed into law by President Trump. Although the final bill did not include a repeal of Code Section 409A, the complex regulatory scheme governing the taxation of deferred compensation, it may still have a significant impact on the current compensation practices of public and tax-exempt employers...

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    5. Corporate Law & Governance Update: December 2017

      Corporate Law & Governance Update: December 2017

      These challenges will impact governance elements ranging from the frequency and manner of board meetings, to information flow, to expectations of director engagement and to the board-management dynamic. These developments include, in no particular order: (1) the threat of significant business ...

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    6. Corporate Law & Governance Update: June 2017

      Corporate Law & Governance Update: June 2017

      An important new study concludes that CEO terminations for ethical lapses (as a percentage of overall CEO successions) has dramatically increased over the last five years. The study also reflects the willingness of boards to reclaim compensation from so called "unethical CEOs.” The survey results are suggestive of a growing climate of accountability in corporate boardrooms across the globe...

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    7. Liability for Directors of Nonprofit Corporations

      Liability for Directors of Nonprofit Corporations

      Lawyers are often asked to serve on Boards of nonprofit corporations and if they do so, they will often be asked by other directors about the potential individual liability of a director for actions of the nonprofit, for actions of the director and for actions of other directors. It is essential therefore that such lawyers understand the risks involved. It is the purpose this Article to further that understanding...

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    8. Acting SEC Chairman Piwowar Makes Remarks at the 2017 SEC Speaks Conference, Including With Respect to “Accredited Investor” Definition

      Acting SEC Chairman Piwowar Makes Remarks at the 2017 SEC Speaks Conference, Including With Respect to “Accredited Investor” Definition

      Acting SEC Chairman Michael S. Piwowar spoke at the SEC Speaks Conference on February 24, offering his remarks on a variety of topics, including the SEC’s disclosure regime and “non-material” disclosure requirements (referring specifically to conflict minerals, pay ratio and resource extraction disclosure requirements) and the assessment of corporate penalties for wrongdoing, among others...

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      Mentions: Conference SEC
    9. SEC Issues Proposed Rules Requiring Use of Universal Proxy

      SEC Issues Proposed Rules Requiring Use of Universal Proxy

      SEC Issues Proposed Rules Requiring Use of Universal Proxy The Securities and Exchange Commission has proposed amendments to the federal securities laws that would require use of universal proxies in connection with contested elections of directors. These universal proxies would include the names of all nominees for election to the board of directors, including both the registrant’s slate of nominees and a dissident party’s nominees.

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    1-24 of 43 1 2 »
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