When designing 2018 compensation plans and proxy disclosure, companies should focus on implications of recent developments, as well as enduring compensation considerations.

2018 brings significant changes to the executive and director compensation landscape due to the passage of H.R. 1 — informally known as the Tax Cuts and Jobs Act (the TCJA) — the implementation of the CEO pay ratio disclosure rules, and a surprising court decision in Delaware regarding director compensation. These developments, along with the perennial proxy season compensation considerations, warrant new or renewed attention and may affect proxy disclosure or annual meeting agenda items.