In a surprise statement, the Securities and Exchange Commission announced the immediate revocation of the influential Egan-Jones Proxy Services and Institutional Shareholder Services “No-Action Letters” which facilitated the rise and undue influence of the proxy advisory firm industry, including widespread conflicts of interest.
As calendar year companies prepare their 2019 proxy statements which will include the second official pay ratio disclosure, newly-issued IRS guidance on the tax deductibility of executive compensation promises to be one point of discussion. Meanwhile...
On Tuesday, August 21, the IRS issued guidance on the changes to Section 162(m) of the IRS code included in the 2017 Tax Cuts and Jobs Act.
According to Center Data, the average length of an S&P 500 CD&A has increased from 15.5 pages in 2012 to 17.7 pages in 2015.
In 2015, no company with Summary Compensation Table CEO Pay which was less than $15M failed their Say on Pay vote.