Resource Library ESG & Human Capital Management

This memorandum summarizes the Reopening Release and the changes made to the Proposed Rules and highlights some of the additional questions raised for comment.

Preparing for the SEC’s Pay Versus Disclosure Rules

The NYSE and Nasdaq recently proposed new standards that would require companies to recover erroneously awarded incentive-based compensation consistent with the SEC’s recently adopted clawback policy.

It is no secret that the U.S. Securities and Exchange Commission (SEC) has recently ramped up its focus on environmental, social and governance (ESG) disclosures.

Has talk delivered in terms of on-the-ground outcomes for women in the workforce? The results are mixed at best.

Why focus on pay equity now?

Peruse Equilar’s Pay vs. Performance disclosure tracker for examples of unique early Pay vs. Performance disclosures.

The median CEO pay package was at an all-time high in both the S&P 500 and the Russell 3000 indices, despite the fact that many companies froze or reduced base salaries in response to the pandemic.

The required information about climate-related risks also would include disclosure of a registrant’s greenhouse gas emissions.

A Guide to Compliance in Year 1

Pay increases for CEOs of large-cap companies grew 3.1% in 2023 to $14.3MM at median vs. 13.2% in 2022, likely driven by an increase in equity compensation.

Once again, it is time to prepare for the proxy and annual report season.