Views on improving the integrity of global capital markets

Executive Compensation

Corporate Governance Roundup: Asia Tackles Enforcement, Australia’s “Two-Strikes” Rule Gains Force, Russia Forms “New Market”

From developing enforcement standards in Asia and companies receiving their “second strike” in Australia to the launch of Global Index Group corporate governance indices in the U.S., it’s time to span the corporate governance globe to review important developments from the month of November.

Simon Property Group Says — Pay CEO $120 Million for Being David Simon

A recent shareholder lawsuit brought by the Louisiana Municipal Police Employees Retirement System claims that Simon Property Group directors improperly increased CEO David Simon’s compensation last year without seeking shareholder approval.

Corporate Governance Roundup: ACGA in Asia, Index in Brazil, Pay Legislation in France, Board Diversity in Europe

From corporate governance rankings in Asia and board diversity in Europe to peer-group compensation benchmarking in the U.S., it’s time to span the corporate governance globe to review important developments from the month of September.

“Say on Pay” in Australia: Two Strikes and You’re Out

Proxy season in Australia is about to begin and has the potential to greatly influence the shape of executive compensation, not only in Australia but in other developed markets where “say on pay” has been an issue.

End-of-Summer Reading: A Review of the 2012 U.S. Proxy Season

With most of the annual meetings and proxy voting at U.S. companies behind us, it’s time to take stock of the 2012 proxy season and speculate on what 2013 will hold.

Corporate Governance Roundup: Aussie Bosses Give Back, Turkey’s New Code, MANU a Bad Investment, Director Defenestration in U.S.

From Australian CEOs giving back their bonuses to Manchester United’s controversial IPO, it’s time to span the corporate governance globe to review important developments from the month of August.

Corporate Governance Roundup: Germany Gets New Code, Impregilo Not Impregnable, Japan Delays, U.K. Reads Kay, U.S. Blunders

From a proxy fight in Italy and blunders by Duke Energy and Best Buy in the U.S., to the highly anticipated Kay Review in the U.K., it’s time to span the corporate governance globe to review important developments from the month of July.

Best Buy or Worst Governance? Comp Consultant Bolts over Executive Bonuses

The independent pay consultant — after working with the compensation committee of the Best Buy board for the last 7 years — resigned earlier this month, reportedly over retention bonuses paid to over 100 Best Buy managers and executives. Matt Orsagh, CFA, CIPM, discusses the impact on investors.

About-Face for Wachtell, Lipton? Legendary Law Firm Tells Companies to Listen to Shareowners

Wachtell, Lipton, Rosen & Katz — famous for fending off shareholder demands — appears to be turning the page on its traditionally contentious approach, a sign that “Say on Pay” is having an impact.

Visionary Board Leadership More Important Than Ever in Wake of Corporate Governance Scandals

Amid series of recent high-profile corporate scandals, CFA Institute releases “checklist” for visionary boards.

CEO Shell Game: Duke Energy Board Flips the Switch on Progressive

Shareowners and regulators demand answers after an abrupt CEO change following the Duke-Progress Energy merger. Matt Orsagh, CFA, CIPM, examines the corporate governance issues at play.

Shareowners Gain Leverage Through Proxy Access at Nabors Industries, Chesapeake Energy

Last week two shareowner-sponsored proxy access proposals won majority support at U.S. companies — a momentous occasion for those in favor of shareowner access to the proxy. Matt Orsagh, CIPM, CFA, reviews the proxy access landscape in the U.S.

Corporate Governance Roundup: EU Pay Caps, French CEO Pay Cuts, Class Action in Hong Kong

Proposed restrictions on executive pay in Europe, new shareowner litigation rules in Hong Kong, and previewing proxy access in the United States. Matt Orsagh, CIPM, CFA, discusses recent corporate governance developments around the globe.

U.K. “Say on Pay” May Become Binding. Will Europe Follow Suit with Harsher Pay Rule?

As proxy season in the U.K. progresses, investor displeasure with executive pay practices continues — a common sentiment on both sides of the Atlantic that is likely to be a feature of proxy season for years to come.

Investor Ire over Executive Pay Rises

The say-on-pay vote has proven an elegant compromise addressing the issue of investor frustration over executive pay plans that don’t appear to hold executives accountable for long-term performance.

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