The Advisors' Blog

– Broc Romanek

Here’s the teaser from this memo by Andrews Kurth Kenyon:

This proxy season has revealed an intensifying trend to address limitations on grants to non-employee directors in many long-term incentive plans. Based on a review of approximately 50 LTIPs submitted for approval this proxy season thus far by Delaware companies, a majority of such LTIPs now include a director-specific limit on the size of annual non-employee director grants and a handful generally permit grants only in pre-determined amounts as set forth in the LTIPs.