The Center On Executive Compensation submitted comments to the SEC regarding the agency’s review of the executive compensation disclosure regime and recommended changes to the Summary Compensation Table to help streamline disclosures in the near-term and a ultimately comprehensive review of the entire executive compensation disclosure regime.
The Center On Executive Compensation submitted extensive comments to the six agencies charged with collectively implementing Dodd-Frank Section 956, which imposes significant restrictions on incentive plan designs for select financial services companies, making a strong case that a final rule should focus more narrowly on actual risk potential and warning of the dire recruitment and retention consequences which would result from the proposal.
Heading into the Fall, there is significant uncertainty on the regulatory front with regard to the outstanding Dodd-Frank executive compensation rules due to a polarized SEC which has two vacancies.
In 2015, no company with Summary Compensation Table CEO Pay which was less than $15M failed their Say on Pay vote.
In 2015, nearly four of five S&P 500 companies received shareholder support for their say on pay proposals which exceeded 90%. Nine of ten companies received support exceeding 80%.