November 12, 2010

What to Make of Say on Pay

By Robin A. Ferracone

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October 14, 2010

A Holiday Message to Wall Street: Don’t Pay Out Bonuses Early

Tax cuts imposed during the Bush administration are set to expire in 2011, prompting some financial services firms to consider paying out annual bonuses before the end of the year, instead of the first quarter of 2011, after the numbers are out and audited. The reason for this largesse? Enhance employee morale and therefore shareholder value, according to one source in a recent Wall Street Journal article.

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September 30, 2010

Dodd-Frank Could Have Been Worse, Much Worse

Some are proclaiming the Dodd-Frank financial reform act to be the most important piece of financial legislation since Sarbanes-Oxley.  Essentially, the Act ushers in changes in the governance of executive compensation in four primary areas: (1) non-binding Say on Pay; (2) clawbacks in the case of any material financial restatement; (3) increased disclosure around the relationship between executive pay and performance, and pay equity; and (4) rules around compensation committee member independence and compensation consultant independence.  But in reality, the Dodd-Frank Act could have been worse . . . much worse.

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September 30, 2010

To Clean Up CEO Pay, We Must Get Facts Straight

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September 8, 2010

Corporate Board Member Research Initiative 2009

Corporate Board Member Research Initiative 2009 – All Eyes on Executive Compensation

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