February 1, 2012
Survey Results: Disclosure Committees
We have posted the survey results regarding the latest disclosure committees trends, repeated below:
1. Back in mid-2008, we conducted a survey on disclosure committees (here are the results) – we are now canvassing to see if practices have changed. Our company:
– Has a disclosure committee – 96.7%
– Doesn’t have a disclosure committee (if you check this box, you are done) – 3.3%
2. Our disclosure committee has:
– More than 10 members – 32.1%
– Between 8-9 members – 39.3%
– Between 6-7 members – 21.4%
– Between 4-5 members – 7.14%
– Has less than 4 members – 0%
3. Our disclosure committee has the following types of members:
– CEO – 27.6%
– CFO – 75.9%
– Controller – 86.2%
– General Counsel – 86.2%
– Securities Counsel – 82.8%
– Compliance or Risk Management – 41.4%
– Investor Relations Officer – 72.4%
– Internal Auditor – 55.2%
– Officer from a Business Unit – 55.2%
– Other – 55.2%
4. For our disclosure committee:
– Someone takes minutes of meetings – 72.4%
– We don’t keep minutes of our meetings – 27.6%
Please take a moment to participate in this “Quick Survey on Blackout Periods” – and this “Quick Survey on Pay Ratios.”
Webcast: “Ethics, Conflicts and Privilege Issues in Executive Compensation”
Tune in tomorrow for the CompensationStandards.com webcast – “Ethics, Conflicts and Privilege Issues in Executive Compensation” – to hear Christie Daly of Bryan Cave HRO, Mike Melbinger of Winston & Strawn and Mark Poerio of Paul Hastings analyze the tricky ethical, conflicts and privilege issues involved in setting executive pay. Please print out their presentation in advance.
Our February Eminders is Posted!
We have posted the February issue of our complimentary monthly email newsletter. Sign up today to receive it by simply inputting your email address!
– Broc Romanek