The Cabinet nominees of President-Elect Trump include a number of corporate leaders or those who have served as Directors of large companies. The prospect of having knowledgeable and successful individuals experienced in running large organizations oversee federal agencies has tremendous potential benefit for the country. These leaders should be encouraged to serve rather than face a financial penalty but also should not receive an incremental benefit for doing so.
President-Elect Donald Trump announced the nomination of Sullivan & Cromwell attorney Walter "Jay" Clayton as the next Chair of the SEC. A corporate transactions and securities attorney, Mr. Clayton's nomination fits into the mold of other major Trump Cabinet position nominees - non-politicians with extensive business experience.
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.
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%.
In 2015, 40 S&P 500 companies, close to 9% of companies, saw shareholder support for their say on pay proposals swing more than 20 percentage points.