This week, the Center On Executive Compensation submitted comments to the SEC in response to Acting Chair Piwowar's request for comments on pay ratio reconsideration, which provided extensive examples of compliance difficulties facing Center Subscribers as well as the shortcomings of the flexibility the SEC included in the final rule.
As attention focused this week on confirmation hearings for several cabinet nominees, the Center released a blog post stating that executives and company directors should be encouraged to serve in the government by developing transition arrangements "that address potential conflicts of interest while also addressing, in a fair and appropriate way, the longer term nature of executive and director compensation."
While attention on Capitol Hill has understandably been focused on the GOP’s Health Care efforts and the hearings for Supreme Court Nominee Neil Gorsuch, the Senate Banking Committee held the nomination for President Trump’s pick for SEC Chair on March 23rd.
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, nearly four of five S&P 500 companies received shareholder support for their say on pay proposals which exceeded 90%. Nine of ten companies received support exceeding 80%.