Companies are increasingly disclosing provisions in separation agreements that include continuing health care coverage for departing executives, according to data from public company intelligence provider MyLogIQ. The uptick in disclosures puts the details of these plans front and center for execs and competitors. Boards mulling over retention considerations or updating change-in-control agreements may find it… Continue reading More Companies Disclose COBRA Payments for Execs in Exit Deals
Category: Agenda
New Legal Protections for CEOs Pop Up on Proxies
Delaware companies have been given the green light to protect corporate officers from personal monetary liability in breach of fiduciary duty claims after the state adopted new amendments to its corporate law provisions in August. But to make use of the provisions, known as officer exculpation, companies will have to update their charters and gain… Continue reading New Legal Protections for CEOs Pop Up on Proxies
SEC’s Clawback Rule Could Change Compensation Structures
After years of anticipation from corporations, institutional investors and better-business advocates, the Securities and Exchange Commission adopted its final clawback rule Wednesday requiring companies to recover erroneously awarded incentive-based compensation after making a financial restatement. The new rule will force companies to craft policies aligned with the SEC’s rule – and that also goes for… Continue reading SEC’s Clawback Rule Could Change Compensation Structures
SEC Adopts Final Clawback Rule
The Securities & Exchange Commission on Wednesday adopted a new rule requiring companies to recoup “erroneously awarded” incentive-based compensation after filing a restatement to correct inaccurate financials. It also goes a step further than what was initially proposed in 2015 by including both “Big R’” and “little r” restatements as potential clawback triggers under these… Continue reading SEC Adopts Final Clawback Rule
SEC Clawback Rules May be Broader than Boards Remember
The Securities & Exchange Commission is on the verge of adopting proposed rules that would ultimately require companies to claw back incentive compensation from executives after filing a restatement to correct inaccurate financials. However, a memo released in June with the reopening of a comment period on the latest proposal is raising questions among legal… Continue reading SEC Clawback Rules May be Broader than Boards Remember
SEC Faces Tug of War Over Scope 3 Requirements
The debate over the Securities and Exchange Commission’s climate disclosure rule is continuing to heat up as all sides press the commission on a proposed requirement for public companies to disclose greenhouse gas emissions from supply chains and other sources outside of companies’ direct control, also known as Scope 3 emissions. Companies will also have… Continue reading SEC Faces Tug of War Over Scope 3 Requirements
Cyber Expertise Needs Vetting as Boards Seek Crucial Skill
In recent years, search firms have been flooded by requests for director candidates with cybersecurity backgrounds as boards seek to leverage this expertise when responding to rising cyber risks. …Over the past five years, companies in both the Russell 3000 and S&P 500 have seen the number of directors boasting cybersecurity expertise climb by the… Continue reading Cyber Expertise Needs Vetting as Boards Seek Crucial Skill
Skills Matrices Morph into Refreshment Tool
Once seen as a pesky disclosure responsibility, skills matrices have grown increasingly common in recent years, evolving from a boilerplate exercise to a useful internal tool in the refreshment process, as well as in proxy contests, sources tell Agenda. More than half (55%) of the S&P 500 now disclose board skills matrices as pressure to… Continue reading Skills Matrices Morph into Refreshment Tool