November 8, 2022 Thoughtful Pay Alerts
SEC Adopts Compensation Recovery (“Clawback”) Policy and Disclosure Rules
Download a pdf of this article » On August 26, 2022, the SEC adopted final rules under the Dodd-Frank Wall Street Reform and Consumer Protection Act requiring the Commission and the national securities exchanges to prohibit the listing of companies that do not adopt, disclose, and enforce a compensation recovery (“clawback”) policy that applies to incentive-based compensation provided to their...Read MoreSeptember 9, 2022 Thoughtful Pay Alerts
SEC Adopts New Rules for “Pay Versus Performance” Disclosure Requirement
Download a pdf of this article » (This Thoughtful Pay Alert has been updated to revise the table on page 2) The SEC has taken another significant stride towards completing its executive compensation-related rulemaking required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. On August 25, 2022, the SEC adopted a new rule to implement the Dodd-Frank Act “pay-versus-performance”...Read MoreJuly 14, 2022 Thoughtful Pay Alerts
Changes to GICS Code Classification System to Take Effect in 2023
Download a pdf of this article » Earlier this year, S&P Dow Jones Indices and MSCI, Inc. announced limited changes to the Global Industry Classification Standard (“GICS”) structure to take place in March 2023. These changes will involve reclassifying companies across five GICS sectors and likely affect many Internet and e-commerce companies, including such companies as Block (formerly...Read MoreJuly 8, 2022 Thoughtful Pay Alerts
ISS Issues Mid-Year Reminder about Updating Compensation Peer Group
Download a pdf of this article » Institutional Shareholder Services (“ISS”) has issued its annual mid-year reminder inviting companies to update their self-constructed compensation peer groups for consideration as part of its review of their executive compensation program in connection with Annual Meetings of Shareholders to be held during the remainder of 2022. ISS considers a company’s...Read MoreJune 17, 2022 Thoughtful Pay Alerts