June 12, 2015
Director Compensation Tips After “Citrix”
– by Randi Val Morrison
In this blog, Latham & Watkins’ Jim Barrall discusses the implications of the Delaware Chancery Court’s recent decision in Calma v. Templeton, and provides associated practical recommendations for companies further to the firm’s recent case analysis. Among other welcome tips, he advises that companies that are not now in the process of adopting new plans or submitting amended plans for shareholder approval may likely comfortably defer seeking shareholder approval of their director compensation pending decisions on the merits on Calma and similar cases.
Access additional resources in our “Director Compensation Practices” and “Director Compensation Disclosures” Practice Areas.