May 21, 2014
Cap’n Cashbags: Recruiting Bill Clinton to Serve on Comp Committee
In this 20-second video, Cap’n Cashbags – a CEO – tries to recruit former President Bill Clinton, who would then serve on his company’s compensation committee – a subset of the board who sets his pay:
NYSE Withdraws Proposal to Relax Director Independence Requirements in Spin-Offs
Last month, I blogged that the NYSE has proposed to relax its bright line director independence tests in spin-offs. Weil Gotshal now reports: “Recently, however, the NYSE removed from its website the proposed rule filing for the change, and the NYSE has advised us that the proposal is no longer active. Additionally, the NYSE advised that it is not certain what, if any, rule filing on the subject may be proposed in the future.”
More on our “Proxy Season Blog”
We continue to post new items regularly on our “Proxy Season Blog” for TheCorporateCounsel.net 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:
– Shareholder Proposals Chart: Exclusion Basis Breakdown
– Shareholder Engagement Codes: A Critique
– Uniform Sustainability Reporting: Ceres Leads Global Stock Exchance Campaign
– Does the Oath of Inspector Need to Be Notarized?
– Shareholder Proposals: Investor Backlash Against Litigation
– Broc Romanek