This week, the Center On Executive Compensation and Equilar announced a new online tool developed by the Center for assessing the prevalence of executive incentive plan metrics and their correlation with long-term shareholder value.
The House of Representatives approved the Financial CHOICE Act of 2017, which includes the HR Policy Association-supported repeal of the Dodd-Frank pay ratio as well as a comprehensive regulatory structure for proxy advisory firms, by a 233-186 vote largely along party lines.
Former Sullivan & Cromwell partner Jay Clayton was confirmed by the Senate to become the 32d Chairman of the Securities and Exchange Commission with a bipartisan 61 to 37 vote.
In 2010, the Securities and Exchange Commission issued a Concept Release on the U.S. Proxy Plumbing System which included an discussion on the conflicts of interest inherent in the proxy advisory firm industry.
In 2015, no company with Summary Compensation Table CEO Pay which was less than $15M failed their Say on Pay vote.