March 27, 2023
Pay Versus Performance: “Brevity Award” Goes To…
According to the Compensation Advisory Partners memo that I blogged about a couple of weeks ago, early “pay versus performance” disclosures are averaging 4.3 pages – with at least one running to 7 pages. In an age where proxy statements keep getting lengthier, let’s also recognize the effort that goes in to keeping things brief.
Winning the “Brevity Award” – at least from what I’ve seen so far from larger companies – is IBM. The “Pay Versus Performance” section – on page 66 of their proxy – clocks in at 1.25 pages, mostly consisting of footnotes to the required table. Short & sweet!
See this FW Cook memo for even more “initial disclosure” analysis…we’re continuing to post resources as they arrive in our “Pay-for-Performance” Practice Area.
– Liz Dunshee