Farient Briefings: SEC’s Pending Rules Put Boards at the Ready

January 30, 2024

 

SEC’s Pending Rules Put Boards at the Ready

“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.

interior of US Capitol Building

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.

In the News

The Incredible Shrinking CEO–Agenda

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.

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Watch For It

How entrenched is the anti-ESG movement in the various regions of the world? That question is explored in the soon-to-be-released report, 2024 Global Trends in Stakeholder Incentives: What’s Next? produced by Farient Advisors in conjunction with the Global Governance and Executive Compensation (GECN) Group.

Also included in the upcoming 2024 report:

  • Prevalence of stakeholder measures globally and by sector
  • Types of stakeholder measures
  • Types of social vs. environmental measures
  • Company examples
  • Exclusive Insights from board directors and investors

About Farient Advisors 

Farient Advisors LLC is an independent premier executive compensation, performance, and corporate governance consultancy. Farient provides a full array of services, linking business strategy to compensation through a tailored, analytically rigorous, and collaborative approach. Farient has locations in Los Angeles, New York, and Louisville and works with clients globally through its partnership in the Global Governance and Executive Compensation (GECN) Group. Farient is a certified diverse company and is recognized by the Women’s Business Enterprise National Council.

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