On December 22, 2017, President Donald Trump signed into law the Tax Cuts and Jobs Act (the Act), which imposes a new excise tax on certain tax-exempt organizations for compensation paid to their covered employees in excess...more
1/18/2018
/ Covered Employees ,
Deferred Compensation ,
Exceptions ,
Excise Tax ,
Executive Compensation ,
Golden Parachutes ,
Internal Revenue Code (IRC) ,
Section 501 ,
Tax Cuts and Jobs Act ,
Tax Exempt Entities ,
Tax Reform ,
Trump Administration ,
Vesting
On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act (the Act), which includes significant changes to the executive compensation deduction rules in Section 162(m) of the Internal Revenue Code (Code)...more
1/5/2018
/ CEOs ,
CFOs ,
Deferred Compensation ,
Executive Compensation ,
Internal Revenue Code (IRC) ,
Nasdaq ,
NYSE ,
Pay-for-Performance ,
Publicly-Traded Companies ,
Retirement Plan ,
Section 16 ,
Section 162(m) ,
Securities Exchange Act ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Trump Administration
On November 16, 2017, the House of Representatives voted to approve its version of the Tax Cuts and Jobs Act. The Senate is expected to vote on its version of the bill following the Thanksgiving break, which would require a...more
11/20/2017
/ 401k ,
Affordable Care Act ,
CEOs ,
CFOs ,
Corporate Counsel ,
Deferred Compensation ,
Employee Benefits ,
Executive Compensation ,
Fringe Benefits ,
Popular ,
Proposed Legislation ,
Publicly-Traded Companies ,
Retirement Plan ,
Section 162(m) ,
Severance Pay ,
Stock Options ,
Tax Reform ,
Trump Administration
The November 6, 2017, House Ways and Means Committee Chairman Kevin Brady’s Amendment to the Amendment in the Nature of a Substitute to H.R. 1, the Tax Cuts and Jobs Act (originally proposed November 2, 2017) (the “Chairman’s...more
If enacted, the newly proposed Tax Cuts and Jobs Act would effectively put an end to many of the most widely used forms of executive compensation:
- Deferred compensation and stock options would disappear.
- Use of...more
11/3/2017
/ Corporate Counsel ,
Deferred Compensation ,
Employee Benefits ,
Executive Compensation ,
Pay-for-Performance ,
Performance Incentives ,
Proposed Legislation ,
Retirement Plan ,
Severance Pay ,
Stock Options ,
Tax Cuts ,
Tax Reform ,
Trump Administration
The Trump administration’s proposed overhaul of the federal income tax system includes a reduction of the maximum federal corporate income tax rate from 35 percent to 15 percent. If enacted, the proposal — a one-page outline...more
6/20/2017
/ Corporate Taxes ,
Defined Benefit Plans ,
Employer Contributions ,
Executive Compensation ,
Internal Revenue Code (IRC) ,
Pay-for-Performance ,
Performance Incentives ,
Say-on-Pay ,
Section 162(m) ,
Tax Deferral ,
Tax Rates ,
Tax Reform ,
Trump Administration
On June 8, 2017, the House of Representatives passed, by a 233-186 vote (with all Democrats and one Republican voting against), the Financial CHOICE Act of 2017, a bill principally designed to reverse many features of the...more
6/12/2017
/ Clawbacks ,
Corporate Counsel ,
Corporate Governance ,
Disclosure Requirements ,
Dodd-Frank ,
Executive Compensation ,
Financial CHOICE Act ,
Pending Legislation ,
Proxy Advisory Firms ,
Repeal ,
Reporting Requirements ,
Securities and Exchange Commission (SEC) ,
Shareholder Proposals ,
Trump Administration