June 2017 L-BLAST: Upcoming HR/Reward Legislations & How You Can Impact Congress | Bill to Erase Some Dodd-Frank Banking Rules Passes in House | Shareholders Could Soon Lose Power to Make Proposals

In this month’s L-Blast, there’s an original L&A article about WorldatWork’s first Legislative Summit in Washington, D.C. in which we share some important facts on legislation, key pending legislative actions that may impact rewards professionals, and avenues for contacting congressional leaders to help impact future legislative actions.

Also, we have two industry articles. The first is an article from The New York Times about the Financial Choice Act, and the second is about a bill that will make it more difficult to bring proposals to shareholder vote. We hope these articles will bring new perspectives to issues affecting your industries.

Lastly, our survey team at L&A has designed an incentive compensation survey for the Oil & Gas industry to provide competitive market practices in both annual and long-term incentive compensation plan designs. The survey will launch August 1st and results will only be available to participating organizations.

Dear All,

We’ve had a surprisingly busy summer here at L&A and it’s hard to believe we are almost in July. The kids will be heading back to school before we know it, and we will be planning for budgets for the next fiscal year.

In this L-Blast, we have a great original L&A article for you about WorldatWork’s first Legislative Summit in Washington, D.C. in which we share some important facts on legislation, key pending legislative actions that may impact rewards professionals, and avenues for contacting congressional leaders to help impact future legislative actions. We hope you find this article informative.

In addition, we have some interesting industry articles to share with you all this month. The first piece is an article from The New York Times about the Financial Choice Act, a recently approved legislation to eliminate financial regulations previously set in place by the Dodd-Frank Act. The second article is about a bill that will make it more difficult to bring proposals to a shareholder vote by requiring investors to hold more of a company’s stock and have held it for a longer period of time. We hope these articles bring new perspectives to issues affecting your industries.

Lastly, our survey team at L&A has designed an incentive compensation survey for the Oil & Gas industry to provide competitive market practices in both annual and long-term incentive compensation plan designs. The survey will launch August 1st and results will only be available to participating organizations.

We appreciate each and every one of you. If there is a particular subject you’d like to learn more about, please let us know.

Sincerely,
Brent_Signature_white

Brent Longnecker and the L&A Team
Chairman and CEO
Longnecker & Associates


Upcoming HR/Reward Legislations and How You Can Impact Congress

Federal legislation impacts all citizens. This is especially the case for rewards professionals, as they must navigate and implement rewards programs that are subject to new legislation once it becomes law. Last spring, when WorldatWork held its first Legislative Summit in Washington, D.C., about a dozen attendees used the opportunity to visit their elected officials and staffers and discuss upcoming legislation and avenues for educating elected representatives on compensation and benefits related matters.

 
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Bill to Erase Some Dodd-Frank
Banking Rules Passes in House

WASHINGTON — The House approved legislation on Thursday to erase a number of core financial regulations put in place by the 2010 Dodd-Frank Act, as Republicans moved a step closer to delivering on their promises to eliminate rules that they claim have strangled small businesses and stagnated the economy. The vote is a significant step for a measure that still faces long odds of becoming law because of the slim majority that Republicans hold in the Senate.

 
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Shareholders Could Soon Lose
Power to Make Proposals

WASHINGTON – If you’re a shareholder in a major corporation, having your voice heard may soon become harder.Tucked into a Republican bill to defang the Dodd-Frank financial rules is a provision to make it more difficult to bring proposals to a shareholder vote. It would mean fewer investors could force votes on issues important to them — from executive pay to political spending to gender discrimination.

 
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Energy Incentive Compensation Survey
An incentive compensation program is one of the most effective ways of attracting, motivating and retaining key employees, but can be one of the most elusive components of compensation to find. Our survey team at L&A has designed an incentive compensation survey for the O&G industry to provide competitive market practices in both annual and long-term incentive compensation plan designs. Specifically, this survey will report on incentive plan eligibility, performance metrics, vehicle mix, vesting periods, vesting schedules, annual incentive targets and long-term incentive targets. The deadline to participate is on August 31st and the survey results will only be available to participating organizations. You don’t want to miss out!

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