Apple announced that CEO Tim Cook‘s annual compensation will be lowered by more than 40 percent in this year. The billionaire had called for a pay cut and analysts had argued that his considerable compensation did not make sense for investors. His compensation target for 2023, as said by the company, is $49 million, down […]
The 2022 Legalcommunity Corporate Awards were held at the WJC in Milan. The ceremony was an opportunity to celebrate the excellence of the Italian legal market in the Corporate field. The eighth edition of the event, organised by legalcommunity.it, saw the awarding of the awards attributed by the jury to the legal professionals and teams that stood […]
With companies either shutting down or changing how they work due to efforts to contain the COVID-19 virus, it’s understandable that the annual shareholder meeting has come under scrutiny. Can you delay it? Forget about having one? Carry on regardless? The Securities and Exchange Commission has issued new guidance (available here) to assist companies and […]
Lots of executives have been huddling, trying to figure out what to do as the COVID-19 virus spreads throughout North America. Many have or will have no choice: They’ll shut down operations. More than likely, the in-house legal department will be in on the decision and will have to deal with any legal fallout. Problem […]
Fenwick & West loves its governance surveys. The latest, coming only a month after its proxy survey, covers a broader range of companies and practices. The law firm says, “This in-depth survey was developed as a resource for board members, senior executives, in-house legal counsel and their advisors, based in Silicon Valley and throughout the […]
A client note from the law firm Latham & Watkins sets out some changes made to Italy’s corporate governance code. They mainly touch on sustainability and executive compensation. Specifically, the changes come from the entry into force of EU Directive No. 2017/828 (i.e., the SHRD II) and the publication of the new Corporate Governance Code. The […]
This year’s proxy season will be starting soon. So what will it bring? David A. Bell of the firm Fenwick & West has written up a client advisory for those who don’t like unpleasant surprises. “The picture emerging from the filings as well as recent news reports indicate that the ground is shifting and near‑term […]
The Institute of Internal Auditors (IIA) and the Neel Corporate Governance Center have unveiled a comprehensive annual index that, for the first time, measures the quality of corporate governance among publicly held companies in the United States. And the results aren’t good news. The American Corporate Governance Index (ACGI) graded U.S. companies overall with only a […]
It’s that time of the year again–no, it’s too early for top 10 lists year. Fenwick & West, the Bay Area law firm, has released its annual proxy report, done in conjunction with Bloomberg. The report covers trends in stockholder voting at annual meetings in the 2019 proxy season among the technology and life sciences companies […]
The cross-border consultants at Laurel Hill Advisory Group have released their fifth annual Trends in Corporate Governance report (click here for the full report). They say that the report identifies te trends and developments in the complex governance and activism landscape, and they aim to help Canadian issuers avoid and mitigate corporate risk. Among the takeaways: Shareholder […]
