[NOTE: You should see embedded Tweets. If you don’t, please try a different browser.]
"Yesterday, the Staff of the SEC … provided additional guidance … on two key considerations for excluding Rule 14a-8 SH proposals under the 'ordinary business' exception …: the significance of the proposal’s subject matter and whether it seeks to 'micromanage' the company." https://t.co/1TOOOaaoIy
— Stefan Padfield (@ProfPadfield) October 19, 2019
"we find that proxy advisory firms … exercise significant influence over executive pay practices…. We also find that PAs are susceptible to conflicts of interest and generally use a 'one‐size‐fits‐all' approach to voting recommendations." https://t.co/4wIymTa313 #corpgov
— Stefan Padfield (@ProfPadfield) October 17, 2019
"how CEOs can exploit their discretion over contracts to undertake entrenchment-increasing M&A deals" #corpgov https://t.co/jGAF9NzyLM
— Stefan Padfield (@ProfPadfield) October 18, 2019
"four central concepts that are widely discussed … but loosely defined and poorly understood":
1: Good Governance
2: Board Oversight
3: Pay for Performance
4: Sustainability https://t.co/9tmzNzJM0g— Stefan Padfield (@ProfPadfield) October 16, 2019
"The five-year growth rate in CEO pay for the S&P 500 companies is 23 percent compared with the five-year TSR [total shareholder return] for the S&P 500 companies of 50 percent." https://t.co/3wjVyRuQ2w
— Stefan Padfield (@ProfPadfield) October 12, 2019