May 9, 2022
Skadden’s Updated “Compensation Committee Handbook”
Check out this updated “Compensation Committee Handbook” from Skadden Arps – written in a non-technical style that is easily understood. This year’s edition is 126 pages long. Here’s an excerpt that explains some of the updates:
The duties imposed on compensation committees of publicly traded companies have evolved and grown over time. This eighth edition of the Compensation Committee Handbook from the lawyers of the Executive Compensation and benefits group at Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates is intended to help compensation committee members understand and comply with the duties imposed upon them. We have also undertaken to describe in some detail the concepts underlying a variety of areas within the bailiwick of compensation committees (for instance, the types of equity awards that are commonly granted and their respective tax treatment) and to provide our perspective on some of the many decisions that compensation committees must make (for instance, the pros and cons of hiring a compensation consultant and the factors that go into that hiring decision).
We discuss the developments over the past year to executive and director compensation practices and related trends, particularly with respect to the SEC’s proposed clawback rule in connection with the Dodd-Frank Act (discussed principally in Chapter 2), executive compensation in the continuing era of COVID-19, and increased attention on environmental, social and governance (ESG) considerations (each discussed principally in Chapter 10).
This comprehensive guide is posted along with checklists, sample charters and memos about evolving comp committee responsibilities in our “Compensation Committees” Practice Area.
In addition, at our “19th Annual Executive Compensation Conference” – coming up virtually on October 14th – we have a session devoted to “The Evolving Compensation Committee” that will deliver practical guidance to make sure your directors aren’t opening themselves up to vulnerability. This Conference is paired with our “Proxy Disclosure Conference” on October 12th-13th. These Conferences are bundled together in order to provide you with meaningful and practical info about proxy season issues that affect executive pay decisions & disclosures, in a fast-moving and entertaining format. Here are the agendas – 17 sessions over three days. Sign up now to take advantage of the “Early Bird” rate, which expires June 10th! You can register online or by emailing sales@ccrcorp.com, or by calling 1-800-737-1271.
– Liz Dunshee