Survey Results: CD&As

Given the SEC Chairman's recent remarks on the lack of plain English in CD&As, we thought it might be useful to ask a few related queries:
 
1. At my company, the first draft of the CD&A was drafted by: (Total responses: n=433)
(select only one)
n=164 (37.88%) In-house lawyer
n=32 (7.39%) In-house corporate secretary
n=122 (28.18%) Human resources staffer
n=35 (8.08%) Outside compensation consultant
n=55 (12.70%) Lawyer in outside law firm
n=25 (5.77%) Other


2. At my company, the following people spent the indicated number of hours drafting and/or reviewing the CD&A (note ' this survey is just the CD&A, not the remainder of the compensation disclosures and tables; if more than one person in a category spent time on the CD&A, combine their time):

a. In-house lawyers and corporate secretary staff  (Total responses: n=426)
(select only one)

n=38 (8.92%) 0-5 hours
n=37 (8.69%) 5-10 hours
n=56 (13.15%) 10-20 hours
n=63 (14.79%) 20-30 hours
n=39 (9.15%) 30- 40 hours
n=73 (17.14%) 40-80 hours
n=120 (28.17%) More than 80 hours

b. Senior management (ie. CEO and/or COO) (Total responses: n=424)
(select only one)
n=214 (50.47%) 0-5 hours
n=114 (26.89%) 5-10 hours
n=57 (13.44%) 10-20 hours
n=21 (4.95%) 20-30 hours
n=7 (1.65%) 30- 40 hours
n=5 (1.18%) 40-80 hours
n=6 (1.42%) More than 80 hours

c. Human resources staffers (Total responses: n=426)
(select only one)
n=112 (26.29%) 0-5 hours
n=51 (11.97%) 5-10 hours
n=46 (10.80%) 10-20 hours
n=31 (7.28%) 20-30 hours
n=46 (10.80%) 30- 40 hours
n=43 (10.09%) 40-80 hours
n=97 (22.77%) More than 80 hours

d. Accounting staff, including CFO and controller (Total responses: n=425)
(select only one)
n=133 (31.29%) 0-5 hours
n=98 (23.06%) 5-10 hours
n=66 (15.53%) 10-20 hours
n=46 (10.82%) 20-30 hours
n=30 (7.06%) 30- 40 hours
n=29 (6.82%) 40-80 hours
n=23 (5.41%) More than 80 hours

e. Compensation committee and other directors (Total responses: n=426)
(select only one)
n=162 (38.03%) 0-5 hours
n=148 (34.74%) 5-10 hours
n=79 (18.54%) 10-20 hours
n=23 (5.40%) 20-30 hours
n=6 (1.41%) 30- 40 hours
n=5 (1.17%) 40-80 hours
n=3 (0.70%) More than 80 hours

f. Outside compensation consultants (Total responses: n=412)
(select only one)
n=207 (50.24%) 0-5 hours
n=72 (17.48%) 5-10 hours
n=66 (16.02%) 10-20 hours
n=28 (6.80%) 20-30 hours
n=18 (4.37%) 30- 40 hours
n=15 (3.64%) 40-80 hours
n=6 (1.46%) More than 80 hours

g. Outside lawyers (Total responses: n=421)
(select only one)
n=117 (27.79%) 0-5 hours
n=101 (23.99%) 5-10 hours
n=77 (18.29%) 10-20 hours
n=39 (9.26%) 20-30 hours
n=33 (7.84%) 30- 40 hours
n=18 (4.28%) 40-80 hours
n=36 (8.55%) More than 80 hours