June 8, 2020
Perks Disclosure: Latest SEC Enforcement Action
– Lynn Jokela
You’ll likely be hearing more about the SEC’s Enforcement Action against Argo Group International Holdings for failing to disclose certain perquisites. The SEC’s press release and order provide the details but the company paid a price. It settled with the SEC by agreeing to pay a $900,000 civil fee but the order also identifies several remedial actions the company took, which sound like they didn’t come cheap and caused quite a bit of upheaval at the company.
To help guard against this type of action, we have a 97-page chapter on Perks & Other Personal Benefits as part of Lynn, Borges & Romanek’s “Executive Compensation Disclosure Treatise” posted on this site.
We also have a panel about perk disclosures as part of our “Proxy Disclosure” conference – which is coming up in September via Nationwide Video Webcast. This is our big annual conference and it will cover all sorts of disclosure issues. Register now to receive the special Early Bird Rate!