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EXECUTIVE COMPENSATION

HR Management Activities

Many organizations, especially large ones, administer executive compensation somewhat differently than compensation for lower-level employees. An executive typically is someone in the top two levels of an organization, such as Chief Executive Officer (CEO), President, or Senior Vice-President.

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Glass Lewis and ISS Announce Updates For 2024 Proxy Season

Proskauer's Employee Benefits & Executive Compensa

This update makes several changes to how the proxy advisory firm will evaluate company policies related to executive compensation. Institutional Shareholder Services (“ISS”) also released updates to its voting policies for 2024, including new and updated responses to its Compensation Policies FAQ.

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M&A in your future? You need an Employee Benefits Audit.

CorpStrat

Review any and all TOP HAT or executive compensation programs, and be sure to address any unfunded liabilities or promises like bonus agreements. Prepare any desired s everance and retention bonuses and consider equity/phantom stock agreements that could help assure continuation for key people.

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“Clawback Comeback”: DOJ’s New Focus on Clawbacks to Prevent Corporate Crime

Proskauer's Employee Benefits & Executive Compensa

This new focus on “clawbacks” is intended to give general counsels and chief compliance officers the tools to implement “responsible corporate behavior” and to foster a corporate culture that both deters and punishes risky (and possibly criminal) behavior by top executives.

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[Podcast]: Employee Retention Issues

Proskauer's Employee Benefits & Executive Compensa

David Teigman: Hello and welcome to The Proskauer Benefits Brief: Legal Insight on Employee Benefits and Executive Compensation. Nick LaSpina : One common approach right now is awarding retention bonuses. Are they really market compensation at this point in certain industries? David Teigman : That’s a fair point, Nick.

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Long Time Coming: SEC Adopts Final Dodd-Frank Clawback Rules

Proskauer's Employee Benefits & Executive Compensa

Compensation not considered “incentive-based compensation” for purposes of the Final Rules: salaries; purely discretionary bonuses; compensation tied to subjective or strategic performance standards (i.e., Notably: No exclusion for EGCs, SRCs, FPIs, controlled companies or companies with only listed debt securities.

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Uber CEO believes company chiefs are grossly overpaid

HR Digest

In comparison, Khosrowshahi’s compensation seems very little. He himself made around $12 million in 2020 and more than $42 million in 2019, when you include stock bonuses. He said the current system that determines executive compensation – leaning on compensation consultants – leads to inflated packages.