TheCorporateCounsel.net

May 8, 2013

Ed Woolard’s Candid, Inspirational Challenge to CEOs and Directors

In planning for our week of executive pay conferences – the 15% early bird discount expires at the end of this Friday, May 10th! – it occurred to me that quite some time has passed since we posted “Ed Woolard’s Candid, Inspirational Challenge to CEOs and Directors.” These truly remarkable remarks were originally delivered at our conference. Here is a transcript of them. Ed is a former CEO and Chair of DuPont and has served on numerous boards.

Note that the folks from Q4 will be live tweeting (use #corpgov) and live blogging during today’s webcast: “Social Media: Parsing the Hypos.” I will add some live tweets myself – here is my Twitter handle

CEO Gives Bonus to Employees: Motivational Tool or Gift of Shareholder Assets?

This Telegraph article describes how a CEO of a UK company – Lord Wolfson of Next – recently gave away his bonus to the 19,400 employees of his company. It got me thinking. On the one hand, that certainly helps the pay gap – and could prove to be a great motivational tool. On the other hand, maybe that bonus to employees should have come from the company directly to drive loyalty to the company and not that particular CEO? What do you think?

Comp Committee & Advisor Independence: Actions to Take Now

We have mailed the March-April Issue of The Corporate Executive, featuring a comprehensive article by Mark Borges about the new comp committee & advisor rules, including:

– Compensation Committee and Advisor Independence Standards: Actions to Take Now
– What’s Covered by the New Requirements
– When the New Requirements Take Effect
– Ensuring the Independence of Your Compensation Committee Members
– Assessing the Independence of Compensation Committee Advisers
– Updating Your Compensation Committee Charter
– Disclosing Compensation Consultant Conflicts of Interest
– The Initial Disclosures–Examples
– Final Cost-Basis Reporting Regs–Bad News for Stock Compensation

Act Now: Get this issue rushed to when you try a 2013 No-Risk Trial to The Corporate Executive.

– Broc Romanek