PotashCorp wants you to “Like” its pay disclosures
FERTILIZER giant PotashCorp (TSE, NYSE:POT) is tackling the touchy topic of executive pay with a web-based communication campaign that includes a shareholder survey, a series of videos, and pay disclosures you can easily tweet or Like on Facebook.
Say-on-pay frequency battles a clever diversion
IT’S early in the US proxy season, but it looks as if shareholders are set to give directors a stern rebuke on at least one of the two say-on-pay items that are on annual meeting ballots this year.
CFA Institute releases executive pay report template
THE CFA Institute, the professional body that bestows the Chartered Financial Analyst designation on portfolio managers and analysts, has released a template for company executive compensation reports that it hopes will make annual pay disclosures “clearer and more relevant to investors.”
Home Depot CEO: Nardelli victim of "societal shift"
HOME Depot Inc. (NYSE: HD), the home improvement giant that caused an uproar over its heavy-handed tactics at last year’s annual meeting, held its 2007 annual meeting yesterday and said sorry. And different from last year when none made an appearance, all of the directors except one showed up. The meeting lasted a couple of [...]
Another number investors can’t trust
NO ONE seems happy about the new executive compensation disclosures in the United States. Securities and Exchange Commission (SEC) chairman Christopher Cox blamed lawyers for “overlawyering” the new disclosures companies have been filing. They’re too long, he said in a recent speech, vowing that the SEC will take a harder line on the plain English [...]
SEC strategy sees XBRL for CEO pay, other niches
IN WHAT could be a clever strategy to boost adoption of eXtensible Business Reporting Language (XBRL), the U.S. Securities and Exchange Commission (SEC) appears to be focusing on using interactive data for high-demand investor information. The full commission yesterday voted to approve a proposal to test XBRL filings for the risk/return summary found at the [...]
HR Execs Unfazed by SEC’s New Pay Rules
By IR Web Report Staff ONLY five percent of companies plan to change their executive compensation practices before the Securities and Exchange Commission’s sweeping new pay disclosure rules kick in next year, a new survey has found. Adopted in July, the SEC’s new rules take effect with the 2007 proxy filings. They will require greater [...]
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