August 4, 2020
That Time of Year Again? CD&A Planning
– Lynn Jokela
A recent Pearl Meyer blog suggests companies start thinking about next year’s proxy statement now. It seems early but with all the challenges companies have faced in 2020, the blog suggests companies plan ahead for content changes to ensure CD&A narratives are responsive to expectations from investors and others. The blog includes several suggestions to get ahead of the game – here’s what it says about CD&A drafting:
There is no doubt CD&As will have more content this next year, so making sure that all stakeholders who are involved in the development process are clear on the overall proxy production timeline, roles for drafting and reviews, and the protocols for approval. Consider building reviews of content ideas, narrative outlines, and even preliminary working drafts into your Q3 and Q4 compensation committee meetings, so you’re not dealing with a CD&A fire drill come Q1.