Thoughtful Pay Alerts

Proxy Advisory Firms Issue Policy Statements Amid COVID-19 Pandemic

Download a pdf of this article » In recent days, Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) have issued statements on how they plan to apply their benchmark proxy voting policies over the coming months in response to the unprecedented market conditions created by the ongoing COVID-19 pandemic. These statements cover a wide range of governance...Read More

Compensation Planning in the Wake of the COVID-19 Pandemic

Download a pdf of this article » To our clients and friends: We are going through what may turn out to be one of the most significant health and economic events of our lifetime – the global COVID-19 pandemic. As we adjust to the new realities of everyday life, Compensia remains committed to supporting the broader community. We recognize that for many of our clients this may be a busy time on...Read More

ISS Publishes Final FAQs and Burn Rate Tables for 2020 Proxy Season

Download a pdf of this article » As expected, Institutional Shareholder Services (“ISS”) published several supplemental documents in December that elaborate on the updates to its U.S. executive compensation benchmark policy guidelines for 2020. These documents include Frequently-Asked Questions (“FAQs”) for both its U.S. executive compensation policies and U.S. equity compensation plan...Read More

Glass Lewis Announces Changes to Peer Group Development Methodology

Download a pdf of this article » On December 18, 2019, Glass Lewis & Co. announced a new proprietary methodology for developing the compensation peer groups that drive the scores of its Pay-for-Performance Model and the quantitative input for its recommendations on Say-on-Pay proposals. An outgrowth of its transition to a single global provider of compensation datasets and analytics –...Read More

SEC Proposes Rules to Regulate Proxy Advisory Firms

Download a pdf of this article » The Securities and Exchange Commission has proposed amendments to the federal proxy rules that would impose significant new disclosure and engagement requirements on proxy advisory firms such as Institutional Shareholder Services, Inc. (“ISS”) and Glass Lewis & Co. Intended to improve the accuracy and transparency of the proxy voting advice provided to the...Read More