Boards are engaging more often with shareholders and other stakeholders about executive compensation. We take a close look at the drivers behind the interest in this topic in a new series PwC co-authored with Cleary Gottlieb Steen & Hamilton LLP. The modules in this series will focus on boards, shareholders and executive pay; legal and regulatory requirements; tax issues; accounting and financial reporting; executive compensation package structuring; and the dynamics of a compensation committee.
Boards, shareholders, and executive pay
Increasingly, boards are reaching out to shareholders about executive compensation. We explore why shareholder engagement is important, and how boards can do it best.
Legal and regulatory requirements
To provide effective board oversight, compensation committees have to understand myriad standards and regulations. Here, we explain their duties and the rules that drive them.
Delaware Court of Chancery Offers Practical Lessons for Compensation Committees
In a recent opinion, the court lays out the practices that should be routine for boards in reviewing executive compensation.
Section 409A and the Six Month Delay – Don’t Forget Your Directors
Here is a primer on how the IRS code that requires certain employees to wait six months to receive deferred compensation after leaving a company could also affect directors.