Webinar: Proxy season outlook, what to
expect in 2012? |
|
The
event addressed key issues that will determine company’s governance
performance in the coming year.
Think you are all set for
proxy season? Think again. 2011 saw many changes affecting proxy matters but
this coming proxy season is sure to require more adjustments for corporate
secretaries and their legal teams.
According to polls conducted at today’s Corporate Secretary Webinar: 2012
Proxy Season Outlook, the greatest concerns for corporate officers about the
next proxy season are proxy access, shareholder activism and pay for
performance alignment policies.
The panelists included Ron
Schneider, senior vice president, Phoenix Advisory Partners, George Sampas,
partner, Sullivan & Cromwell, and Stephen Brown, director of corporate
governance, TIAA-CREF.
‘The audience concerns match and mirror the clients’ concerns, like
say-on-pay,’ said Sampas. ‘A lot of people are focused on proxy access and
our recommendation to our clients is they should start focusing more on this
area.’
The event addressed key issues that will determine company’s governance
performance in the coming year.
‘The big story for next year is say on pay and very clearly investors’
expectations are rising,’ says Schneider. ‘They want more from the company
in future years.’
Another poll revealed that the biggest adjustment to past practice that
companies will make for this coming season is increased direct communication
with shareholders (63 percent); just 7 percent think firms will
significantly change compensation policies.
Click here to view slides from today’s 2012 Proxy Season Outlook.
Recordings will be available. Expect full coverage of this event in our
December issue.
© Copyright
Cross Border Ltd. 1995–2011. |