June 23, 2015

Survey Results: Hedging Policies

Thanks to those that participated in this survey – a hot topic! Below are the results from our recent survey on hedging policies:

1. Does your hedging policy cover?
– Only officers? – 3%
– Only officers & directors? – 43%
– Officers, directors & employees? – 54%

2. Does the hedging policy cover?
– Only company securities granted by the company as compensation? – 3%
– All company securities without regard to how acquired? – 97%

3. If your company doesn’t currently cover all employees under a hedging policy, do you expect to expand it now to all employees?
– Yes – 27%
– No – 73%

4. Do you think there is a way to effectively enforce a broad hedging policy?
– Yes – 8%
– No – 61%
– Not sure – 31%

Take a moment to participate in our “Quick Survey on Board Portals” and our “Quick Survey on Annual Meeting Conduct.” And don’t forget to send your nominations for our “Annual Proxy Disclosure Awards.” Here’s how that works. Deadline for nominations is Wednesday, July 1st…

Escheatment: Delaware Proposes Changes Beneficial to Companies

As noted in this memo, Delaware Senate Bill 141 was introduced in the Delaware General Assembly last week proposing many significant changes to the existing Delaware unclaimed property audit and administration regime, many of which would be beneficial to companies if the law gets passed. Delaware likely is acting as it was just sued for the first time before an audit, according to this WSJ article. This is a hot topic – see this audio archive of our recent related webcast…

More on our “Proxy Season Blog”

We continue to post new items regularly on our “Proxy Season Blog” for members. Members can sign up to get that blog pushed out to them via email whenever there is a new entry by simply inputting their email address on the left side of that blog. Here are some of the latest entries:

– Sample: Proxy Statement Reg Summary Sheet
– Shareholder Proposals: Corp Fin Allows Exclusion of “Review of Company’s Voting Policies” Proposal
– More Debate: Harvard’s “Shareholder Rights Project”
– Trinity v. Wal-Mart: Serious Implications for the Ordinary Business Exclusion
– Shareholder Proposals: Playing Games With Submission Deadlines

– Jeff Werbitt