Monthly Archives: July 2017

A Closer Look at the Findings of Our 2017 Proxy Analysis: A New Normal Meets a New Reality

Robert Newbury is a director at Willis Towers Watson. This post is based on a Willis Towers Watson publication by Mr. Newbury, Becky Hiddleston, and Erik Nelson.

Executive pay practices settled in to a new normal in 2016, characterized by modest pay increases, continued emphasis on performance-oriented compensation, and annual and long-term incentive (LTI) plan design features and metrics consistent with those of recent years.

In our annual examination of chief executive officer (CEO) pay among early proxy filers at S&P 1500 companies, we found that increases in total compensation for CEOs remained fairly moderate again last year, driven largely by uneven corporate performance, increasing bonuses and a sharp decrease in the value of stock option exercises. The analysis is based on 365 S&P 1500 companies with consistent CEOs that filed proxies disclosing 2016 pay by the end of March, as detailed in our recent press release.

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Proxy Access: Highlights of the 2017 Proxy Season

Marc S. Gerber is a partner at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on a Skadden publication by Mr. Gerber.

As we approach the end of the 2017 proxy season, the third since the New York City comptroller launched the Boardroom Accountability Project to enact proxy access across the U.S. market, proxy access has begun to transition from its “teenage growth spurt” to its “young adulthood” phase. Its adoption by companies is still on the rise, but not at the same rate; it is still developing its more nuanced features, but with fundamental elements fully formed; and it has short-term predictability, but longer-term questions remain.

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