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Golden Parachutes › Securities and Exchange Commission (SEC)

Golden Parachute is a term used to describe agreements between companies and employees (usually high-level executives) whereby employees are significantly compensated in the event employment is terminated.... more +
Golden Parachute is a term used to describe agreements between companies and employees (usually high-level executives) whereby employees are significantly compensated in the event employment is terminated. Typically, Golden Parachutes are implicated in the event of a merger or take-over of the original company and take the form of stock options, severance payments, and/or bonuses.  less -
Goodwin

New Proxy Voting Reporting Requirements For Investment Managers For 2023-24 Annual Meeting Season

Goodwin on

On November 2, 2022, the U.S. Securities and Exchange Commission (SEC) announced the adoption of amendments to Form N-PX and related rules to extend public company stockholder vote disclosure filing requirements beyond...more

Seward & Kissel LLP

SEC Adopts Amendments to Increase Proxy Voting Transparency

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The Securities and Exchange Commission (SEC) recently adopted rule and form amendments (Amendments) under the Investment Company Act of 1940 to enhance the information that mutual funds, exchange-traded funds, and other...more

Bass, Berry & Sims PLC

SEC Proposes Amendment to the Shareholder Proposals Rule (14a-8) and Adopts Amendments to Rules Impacting Proxy Advisory Firms

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Last week, the Securities and Exchange Commission (SEC) voted 3-2 to take the following actions: Propose new amendments to Rule 14a-8, the shareholder proposal rule. Adopt new amendments to the rules regarding proxy...more

Fenwick & West LLP

Glass Lewis Announces 2021 Proxy Voting Policy Guidelines

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Glass Lewis announced updates to its United States Proxy Voting Policy Guidelines late November 2020. The 2021 Proxy Voting Policy Guidelines include a variety of changes from the 2020 version, including new provisions...more

Skadden, Arps, Slate, Meagher & Flom LLP

2020 Compensation Committee Handbook

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Skadden’s Executive Compensation and Benefits Group is pleased to provide you with its 2020 Compensation Committee Handbook. This edition reflects updates in applicable law and practices, including developments in director...more

Akin Gump Strauss Hauer & Feld LLP

New SEC Staff Legal Bulletin on Rule 14a-8 Released

Akin Gump Strauss Hauer & Feld LLP on

The U.S. Securities and Exchange Commission (SEC) released its Shareholder Proposals: Staff Legal Bulletin 14J on Rule 14a-8 earlier this week, following its November 2017 Staff Legal Bulletin 14I. This most recent Staff...more

Orrick, Herrington & Sutcliffe LLP

IRS Updates Golden Parachute Audit Guide

Orrick, Herrington & Sutcliffe LLP on

This is our first of many alerts during 2017 as the new administration signals the rollback of many regulations (e.g., fiduciary rules and pay ratio). We will keep you posted. In January 2017, the Internal Revenue...more

Mintz - Employment Viewpoints

Dodd-Frank and Executive Compensation – Part 1: Status Update

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It’s been over five years since the signing of the Dodd-Frank Wall Street Reform and Consumer Act (“Dodd-Frank”) and we are still waiting for the U.S. Securities and Exchange Commission to finalize rules on several provisions...more

Skadden, Arps, Slate, Meagher & Flom LLP

"Majority of Say-on-Golden-Parachute Votes Receive Shareholder Support"

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Pursuant to the Dodd-Frank Act, Securities and Exchange Commission rules require companies seeking shareholder approval of a merger or acquisition to also hold a separate shareholder advisory vote on disclosed...more

Morrison & Foerster LLP

2016 Proxy Season Field Guide

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The 2016 proxy season occurs in an environment of heightened shareholder activism and an ever-increasing focus on compensation and corporate governance disclosures. This Proxy Season Field Guide provides you with an overview...more

Davis Wright Tremaine LLP

Current SEC Guidance for “Emerging Growth Companies” Seeking to Take Advantage of JOBS Act

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The Jumpstart Our Business Startups Act (the “JOBS Act”) became law in April with a goal of improving access to capital markets and easing compliance burdens for newer and smaller public companies. Among other things, the...more

Proskauer Rose LLP

House Passes JOBS Act—Legislation Would Facilitate Public and Private Capital Formation by Emerging Growth Companies

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The U.S. House of Representatives has passed legislation that, if approved by the Senate and enacted into law, would allow companies to raise capital more easily in both the private and public markets. On March 8, 2012, the...more

Fenwick & West LLP

Corporate and Securities Alert: “Say on Pay” Rules Proposed

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The SEC has released a rule proposal (“Proposal”) designed to implement provisions of the Dodd-Frank Act relating to shareholder approval of executive compensation and golden parachute compensation arrangements. We believe...more

Manatt, Phelps & Phillips, LLP

Dodd-Frank Act Means No Summer Vacation for Compensation Committees

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While the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) is largely directed at reforms within the financial services industry, Congress did not miss its opportunity to adopt regulations on...more

Foley Hoag LLP

Dodd-Frank Financial Reform Act - Key Corporate Governance and Executive Compensation Provisions

Foley Hoag LLP on

On July 21, 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act), arguably the most far-reaching package of financial regulatory reforms since the New Deal....more

Foley Hoag LLP

The Dodd-Frank Act: Non-Binding “Say-on-Pay” at Public Companies

Foley Hoag LLP on

Among the many elements of the massive Dodd-Frank Wall Street Reform and Consumer Protection Act are provisions applicable to public companies requiring defined “say-on-pay” votes. These are shareholder votes on *executive...more

Eversheds Sutherland (US) LLP

Say on Pay: It’s Coming, Are You Ready?

Eversheds Sutherland (US) LLP on

Introduction Executive compensation and increased communication and transparency for shareholders are among the hot-button issues in economic reform. One need only look to the discussions at the recent G20 London Summit or...more

Morrison & Foerster LLP

House Passes Legislation on Say on Pay and Compensation Committees

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On July 31, 2009, the House of Representatives passed the “Corporate and Financial Institution Compensation Fairness Act of 2009,” which would require advisory votes on executive compensation for public companies subject to...more

Morrison & Foerster LLP

Administration Proposals on Compensation Committees and Say on Pay Would Affect All Public Companies

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On July 16, 2009, as a part an effort to move the Obama Administration’s regulatory reform agenda forward, the Treasury Department delivered draft legislation to Congress that would require enhanced compensation committee...more

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