L&A has been keeping a close eye on all of the regulations regarding Say on Pay (“SOP”), Say on Frequency (“SOF”), and Say on Golden Parachutes (“SOGP”). On January 25, 2011, the SEC (in a 3-2 vote) officially passed requirements for additional disclosure effective immediately. After reading over the SEC’s 150 page legislation, we have… Read more »
by Justin Platt 2008 & 2009: Nonprofits Become a Target Internal Revenue Service agents were quoted in the press saying, “If you are not reviewing executive compensation, we are.” This statement was further supported by changes in IRS Form 990 for tax-exempt organizations. The IRS Form 990 that most tax-exempts file was dramatically revised on… Read more »
by Brent M. Longnecker & Chris S. Crawford Is anyone else out there getting sick and tired of how – for the last several years – it seems like politicians of both parties are enjoying slamming Corporate America ad nauseum? To some extent, additional oversight was brought on by poor business practices; therefore, increased governance… Read more »
We recently had one of our clients audited by the IRS w/ respect to their annual bonus plan. Not surprisingly, when we as a country are running a large deficit, the IRS will be looking for ways to bring in more revenue. What we have discovered is that the IRS is dramatically revising its position… Read more »
By Brent Longnecker, Chris Crawford & Kevin Kuschel Change-in-control (“CIC”) provisions for public company executives have re-emerged on radar screens of shareholder activists and regulators due to recent executive pay legislations, such as December 16, 2009, increased Securities and Exchange Commission (“SEC”) disclosures and Troubled Asset Relief Program (“TARP”) regulations. These have intensified the need… Read more »
Learn a little more about your employee dynamics and how motivation and rewards must be tailored for each generational group.
Giving yourself the best chance to get a better job is what personal branding is all about. “The higher you are on the radar and the more valuable you seem to be, the more money you usually make,” says Brent Longnecker, a Houston-based CEO with 25 years leadership experience in executive compensation and corporate governance…. Read more »
Big changes are coming in executive compensation. As a result, compensation committees and management are advised to consider certain action items. Learn more on the plan of action recommended for Compensation Committees.
Executive compensation is a central piece of a sweeping financial regulatory reform bill, the Restoring American Financial Stability Act (H.R. 4173), passed by the U.S. House of Representatives on June 30, 2010, and scheduled to be taken up by the U.S. Senate in July 2010.
Savvy leaders know that there is no business without people. But sorting out the egos, budgets and pitfalls in an attempt to keep the best people “on the bus” challenges most leaders. How do we deal with the economic reality, deliver a heightened level of transparency and still make our companies look attractive? Dallas attorney,… Read more »