Glass Lewis Publishes Greening the Green 2014: Linking Compensation to Sustainability

Executive compensation has arguably been the most controversial issue facing companies over the last several years. Through say on pay votes, investors have gained tremendous influence over the pay packages awarded to senior executives. A major focus of investors has been ensuring that executives are paid for long-term performance and that compensation plans are designed accordingly. At the same time, there has also been a surge of awareness around the importance of sustainability issues. These two hot topics – executive compensation and sustainability – are converging into one conversation. Glass Lewis’ Greening the Green provides the data, analysis and context for investors to further examine this area.

Tags
, , ,

A Last-Minute Revamp of Spanish Corporate Governance for 2015


Just in time to cause issuers and shareholders to reevaluate their approach to 2015 annual meetings, the Spanish Companies Act has gone through a major revision of its legal framework for corporate governance.

Tags

Barclays Chair Questions StanChart Counterpart’s Commitments

Sir David Walker, chairman of FTSE 100 bank Barclays, has taken fellow City of London grandee Sir John Peace to task over his commitment levels, publicly questioning how Sir John manages to balance his chairmanship of Standard Chartered with his other high profile commitments. Referring to Sir John’s other roles as chairman of Burberry and Lord Lieutenant of Nottinghamshire, Sir David said in a recent interview with the Financial Times: “I don’t know how John Peace has done it.”

Tags
, , ,

Proxy Season Insider: Logitech International SA


Delays, SEC investigations, restatements, and last minute auditor changes–these are the types of issues that turn a usually quiet annual meeting into a lively debate. Logitech International’s 2014 annual meeting is likely to pose a challenge to the company’s board of directors following a tumultuous year.

Tags
, ,

BG Backs Down in Row Over Pay Package

British oil & gas multinational BG Group plc has revised the pay package of incoming CEO Helge Lund in the face of a potential shareholder revolt regarding a proposed (and now withdrawn) £12 million recruitment award, which exceeded the company’s pay policy approved just a few months ago. Instead, BG will grant a £10.5 million award subject to more stretching and transparent performance conditions; however, because the revised award is allowed for under the approved pay policy, it will not be subject to a shareholder vote.