October 2016 L-Blast: Compensation Landmines & Key Issues | Trends in Proxy Access Votes | 2017 Energy Pay Pulse Survey Launches December 1

Dear All,
It’s crazy to think the holidays are upon us already. Soon everyone will be gathering with family and friends to celebrate and 2016 will come to a close. We at L&A, like many other companies, are preparing for a great 2017. We have some great articles this month for you to read.

The first article is an L&A original covering compensation landmines and key issues surrounding them. The article delves into how executive compensation has continued to develop as a result of new Say on Pay. Institutional Shareholder Services (“ISS”) and Glass Lewis (“GL”) have a significant impact on how institutions vote on compensation-related practices and the boards that govern those companies.

The second article is the 2016 Say on Pay Results. This reports trends in proxy access votes which we know you will find interesting.

Lastly, L&A recently conducted a regulatory compliance survey in September 2016 to find out more about what organizations are doing with respect to the newly proposed CEO Pay Ratio and Clawback Provision rules and regulations. We’ve included an executive summary below with our findings. We would also invite you to participate in our Energy Pay Pulse Survey which launches December 1st. You can find out more information below.

As always, we appreciate each and every one of you. If there is a particular topic 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
 


Compensation Landmines & Key Issues

Executive compensation has continued to develop as a result of new Say on Pay (“SOP”) disclosures and proxy advisory firms continuing to influence institutional shareholders. It’s tougher today than ever before if you have any responsibilities around pay.
 

Read More
 


Trends in Proxy Access Votes

We are revisiting an earlier examination of proxy access votes, as 90 additional proposals have been voted on since our last study in March. As a reminder, proxy access rights have been a topic of discussion since a 2010 D.C. Circuit Court ruling allowed shareholders to submit proposals for proxy access procedures.
 
Read More
 

2017 Energy Pay Pulse Survey Launches December 1

At L&A, we’ve designed our participant-only 2017 Energy Pay Pulse Survey to concisely and powerfully asses market trends for companies in the energy industry. The survey will capture current compensation trends as they relate to salary increases, employee turnover, anticipated bonus payouts, long-term incentive grant awards, and retention-related practices. The survey is scheduled to launch on December 1, and final survey results is scheduled to be available on January 15.
 
 

L&A recently conducted a regulatory compliance survey in September 2016

L&A recently conducted a regulatory compliance survey in September 2016 to find out more about what organizations are doing with respect to the newly proposed CEO Pay Ratio and Clawback Provision rules and regulations.
Executive Summary:

  • A majority (58%) of respondents have not started the process of calculating the CEO Pay Ratio.
  • Organizations are not forecasting any changes to compensation in response to the CEO Pay Ratio.
  • A majority (84%) of respondents have not reached the drafting stage of their clawback policy provisions.

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