The Advisors' Blog

In our latest episode of “The Pay & Proxy Podcast,” I was joined by Shaun Bisman of Compensation Advisory Partners to hear Shaun’s top takeaways from CAP’s early review of 2026 proxy disclosures by companies with significant tariff exposure due to their overseas manufacturing, global supply chain or reliance on imported goods. In this 20-minute episode, Shaun covered:

1. How commonly tariffs were addressed in compensation disclosures
2. The prevalence of adjustments for the impact of tariffs
3. Adjustments in annual incentives versus LTI
4. How companies implemented adjustments
5. Commonly disclosed rationale for adjustments
6. Commonly disclosed rationale for no or partial adjustments
7. How compensation committees should distinguish “external shocks” from normal business costs
8. How compensation committees should approach tariff refunds and adjustments
9. The top takeaway for compensation committees evaluating the impact of tariffs and incentive pay

If you have insights on compensation and proxy disclosures you’d like to share in a podcast, I’d love to hear from you. Email me at mervine@ccrcorp.com.

– Meredith Ervine