Farient Briefings: SEC’s Pending Rules Put Boards at the Ready
January 30, 2024
“Increased regulatory requirements” top the list of risks directors say are most likely to impact their companies in the next 12 months. Since succeeding Jay Clayton as SEC chair in 2021, Gary Gensler has been on a tear, proposing or finalizing some 63 new rules. In this Brief, we detail what’s on the SEC’s 2024 agenda and the status of proposed disclosures on climate change, human capital management, and corporate board diversity.
Allstate Adds Metrics to LTI Plan
Weighted stakeholder incentive measures were moved from the short-term to the long-term incentive plan in 2023 by Allstate, according to Farient’s ESG TrackerTM. Allstate added ESG factors to its STI plan in 2021 with a focus on key strategic and DEI priorities. Its objective was to further align its compensation program with the company’s overall strategy. Last year, in recognition of the importance ESG measures have to its long-term strategic priorities, Allstate moved the measures to its LTI plan.
News From Southlea, Our Canadian Partner
The 2024 Human Resources Committee Outlook from Southlea Group reflects on various factors expected to have an impact on Human Resources (HR) Committee workplans in Canada.
The average tenure of the CEO has become much shorter, according to research by Farient and Corporate Board Member. This means boards need to think creatively and proactively to ensure sudden CEO departures don’t wreak havoc on the company.