SEC Withdraws Two Key Staff Interpretations Ahead of Proxy Advisory Firm Discussion

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.

Fall Outlook: SEC to Explore Proxy Process in Roundtable, as Treasury Provides 162(m) Tax Guidance and Campaign Rhetoric on Buybacks Intensifies

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...

IRS Issues Guidance on 162(m) and the Impact of Negative Discretion

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.

Did you know?

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.

SEC Withdraws Two Key Staff Interpretations Ahead of Proxy Advisory Firm Discussion

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Fall Outlook: SEC to Explore Proxy Process in Roundtable, as Treasury Provides 162(m) Tax Guidance and Campaign Rhetoric on Buybacks Intensifies

Read more...

IRS Issues Guidance on 162(m) and the Impact of Negative Discretion

Read more...

Did you know?

Advocacy and Analysis

Wells Fargo Fed Penalties Underscore Growing Risk Oversight Responsibilities of Board Members

House Passes Center-Supported Proxy Advisory Firm Reform Bill on Bipartisan Vote

Google CEO’s $1 Compensation Yields S&P 500 Best Pay Ratio of 1:197,274

More than 60 S&P 500 Companies Post Passing Say on Pay Results as Proxy Season Nears End

Center News Stories

Center Discussion Call Details Engagement Strategy on November 15 Proxy Process Roundtable

CalPERS Turns Up Heat on Companies and Votes Against 43% of Pay Plans in 2018

Editorial Reinforces SEC’s Move Toward “Cracking the Proxy Racket”

2018 Shearman Governance Survey Explores Pay Ratio, Cybersecurity, Diversity

SEC Withdraws Two Key Staff Interpretations Ahead of Proxy Advisory Firm Discussion; Center Subscriber Call on Tuesday

The Center's Charlie Tharp Talks Pay Ratio, Pay for Performance at 2018 Ayco InnerCircle Conference