Employee Benefits Blog

Updated Glass Lewis Proxy Voting Guidelines

I previously blogged about certain compensation related updates to ISS’ proxy voting guidelines for 2020. With proxy season in full swing, I wanted to highlight some important compensation related changes to the Glass Lewis 2020 voting guidelines, a full copy of which can be found here. Contractual Payments and Arrangements. In their 2020 guidelines, Glass […]

February 17, 2020 | 2 min read | Tagged: change in control, compensation, discretion, Glass Lewis, incetnvei plans, ISS, proxy, shareholder

Greg Gautam Partner

Settlement of Solak v. Barrett May Provide Additional Guidance on Setting Director Pay

I’ve stressed how important it is for public company executives and directors to stay apprised of developments in the director pay area, including developments/settlements of director pay lawsuits. Earlier this summer, the Delaware Chancery court approved a settlement of Solak v. Barrett, a case in which the plaintiffs alleged that the directors of Clovis Oncology […]

August 20, 2018 | 3 min read | Tagged: award, Clovis, compensation, director, settlement, shareholder

Greg Gautam Partner

Public Companies Should Consider Shareholder Reapproval of Section 162(m) Performance Compensation Plans Approved in 2012

As public companies continue to prepare for the 2017 proxy season, we wanted to provide a final reminder of an executive compensation related item that might require shareholder approval in 2017. As reported in Part 1 of our End of Year Plan Sponsor “To Do” Lists, Section 162(m) of the Internal Revenue Code limits the […]

March 29, 2017 | 1 min read | Tagged: 132(m), Compensation Committee, Covered Employees, deduction, Internal Revenue Code, performance goals, shareholder, shareholder approval

Greg Gautam Partner