While companies in Europe, the Middle East and Africa (EMEA) show continuing progress in terms of their governance of executive pay and their efforts to engage with shareholders, it appears from our recent pulse survey that many companies in EMEA still have more work to do in the area of long-term alignment of pay and performance.

Richard Belfield and Alex Little


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On June 30, two Securities and Exchange Commission (SEC) divisions issued guidance to investment advisors and institutional investors on their proxy voting responsibilities and use of proxy advisors. The bulletin also addresses proxy advisors’ conflict-of-interest disclosure obligations and may disappoint companies concerned about proxy advisor influence on executive compensation that had hoped the SEC would take stronger action.

Jim Kroll and Brian Myers


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Throughout this spring, shareholders generally expressed their pleasure with 2013’s bull market by heartily endorsing the compensation of most companies’ top executives in 2014 say-on-pay votes. But, 2014 got off to a tenuous start, which could complicate the pay-for-performance picture if things don’t turn around in the remaining months of 2014. 

Steve Kline, Chris Kozlowski and Ryan Lucki


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Facing pressure from changing business models, increased marketplace volatility, shareholder expectations and shifting consumer buying patterns, retailers are needing to rethink their performance-based pay programs regularly. While some make incremental changes every year to fine-tune their programs and calibrate their performance goals, our experience suggests that most revisit their incentive programs at least every few years (and about a third change their bonus plans in any given year) in...


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Multinational companies face a range of challenges in designing and administering effective long-term incentive (LTI) plans for their executives and other key employees worldwide. Among the most common is adjusting LTI award levels outside the home country to address varying local talent needs and regulatory requirements from country to country.  

James Matthews and David Seitz


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Just over halfway through the 2014 say-on-pay season in Canada we’re seeing more companies adopting voluntary say-on-pay resolutions and higher levels of shareholder support on average than in past years.

Alex Pattillo and Christopher Smith


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Although they are often viewed as among the world’s most progressive countries, a closer look at the Nordics (Denmark, Finland, Norway and Sweden) reveals a more complex picture in terms of the governance and regulation of executive compensation.

Anders Tapper, Louise Carlqvist and Frida Carlsson


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Although Securities and Exchange Commission (SEC) regulatory agendas should be taken with a grain of salt, the coming months may be a busy time for those who develop executive pay policies and craft proxy disclosures for public companies. That’s because the most recent SEC regulatory agenda indicates that this October is the SEC’s target date for action on a number of rulemaking efforts required by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

Steve Seelig and Bill Kalten


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On Wednesday, the California Senate voted 19-17 against a bill that would have imposed limits on corporate tax deductions for companies doing business in California with CEO pay ratios that exceed specified levels.

Steve Seelig and Russ Hall


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Pay for non-employee directors at the largest U.S. companies grew modestly over the past year, consistent with the trends over the past several years. However, while last year’s review of the full Fortune 500 showed an emphasis on cash increases for directors, our early look at a subset of the Fortune 500 points to equity increases as the primary vehicle for pay increases in the most recent period.

Michael Bowie


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