September 2, 2021 Thoughtful Pay Alerts
SEC Approves NASDAQ Board Diversity Rule
Download a pdf of this article » On August 6, 2021, the SEC approved new rules for the Nasdaq Stock Market (“Nasdaq”) that address diversity requirements for the board of directors of listed companies. Generally, the new rules would establish “aspirational” board diversity objectives for Nasdaq-listed companies of at least two “diverse” directors, including one female director and one director...Read MoreJune 15, 2021 Thoughtful Pay Alerts
SEC to Revisit Regulation of Proxy Advisory Firms
Download a pdf of this article » On June 1, 2021, the new Chair of the Securities and Exchange Commission, Gary Gensler, directed the Staff to consider whether to revisit the SEC’s 2019 interpretive guidance and 2020 rule amendments that would subject proxy advisory firms, primarily Institutional Shareholder Services (“ISS”) and Glass Lewis (which control 95% of the...Read MoreMay 27, 2021 Thoughtful Pay Alerts
Board Gender Diversity in the Tech 200
Download a pdf of this article » A fundamental element of corporate governance is the composition of the board of directors. And while SEC rules require disclosure of how the board nominating committee considers diversity in identifying director candidates, such rules do not define the term “diversity,” leaving it to each company to determine what it means in the context of their business. As...Read MoreDecember 24, 2020 Thoughtful Pay Alerts
ISS Publishes Final FAQs and Burn Rate Tables for 2021 Proxy Season
Download a pdf of this article » Just prior to the holidays, Institutional Shareholder Services (“ISS”) has published several supplemental documents that elaborate on its U.S. executive compensation benchmark policy guidelines for 2021. These documents include FAQs for both its U.S. compensation and equity plan policies (including updated equity burn rate tables for the 2021 proxy season)....Read MoreDecember 23, 2020 Thoughtful Pay Alerts