The Advisors' Blog

– Broc Romanek

Here’s the results from our recent survey on director compensation in the wake of the 2015 Citrix decision:

1. When it comes to limits on our director pay:
– Yes, we have adopted limits since Citrix – 51%
– Yes, we had limits even before Citrix – 22%
– No, we don’t have limits – 26%

2. For those that have limits, our limits apply to:
– Cash only – 0%
– Equity only – 56%
– Both cash & equity – 44%

3. For those that have equity limits, our limits are based on:
– Dollar limit – 85%
– Share limit – 33%

4. For those that have limits, our limits are based on:
– Multiple of annual compensation – 35%
– Maximum number based on estimates of future compensation for a set period – 36%
– Other – 35%

5. For those that have limits, our limits are based on:
– Peer review – 43.6%
– What we could derive from the case law & settlements – 20.0%
– Our discretion – 58.2%
– Other – 16.4%

Please take a moment to participate anonymously in these surveys: “Quick Survey on More on Blackout Periods” – and “Quick Survey on Whistleblower Policies and Procedures.”