PCAOB Re-Proposes New Auditing Standard Affecting Executive Compensation and Risk Assessments
Readers know that I have blogged many times on the SEC's compensation risk assessment requirement for public companies. And on that subject, last spring, I posted a blog entitled "PCAOB Butts in on Executive Compensation?", commenting (unfavorably) on the Public Company Accounting Oversight Board's proposed amendments to auditing standards for identifying and assessing excessive risk in executive compensat
. . . Michael S. Melbinger
May 17, 2013
Advisor’s Duty to Investigate their Independence as to the Compensation Committee
I have been blogging on this issue for two years now, but as the July 1 deadline approaches everyone seems to be talking about it. Many public compensation committees apparently are still in the process of completing the required independence assessment for their advisers. This seems especially true for legal counsel, as to which these requirements are completely new.
Inquiring minds want to know: "Mike, how is Winston figuring out how to test for a 'business or p
. . . Michael S. Melbinger
May 14, 2013
Follow-Up to Proposed Regulations under Code Section 162(m)(6) Capping Deductible Compensation at Covered Health Insurance Providers
Last Call for Changes to Compensation Committee Charters
With the annual meeting approaching for most of you, I wanted to remind you of the July 1st deadline to have the Compensation Committee Charter comply with the new stock exchange rules on independent advisers. Obviously, there is still time before the July 1, 2013 deadline. However, a change to the Charter, if necessary, would require Board/Committee action and there are a limited number of Board meetings before July.
Must Financial Institutions Choose Between Pay for Performance and Avoiding Compensation Plan Designs that May Incentive Risk Taking?
"Regulators Get Banks to Rein In Bonus Pay" read the headline on an article on page 1 of The Wall Street Journal last Tuesday. This article is among the first to shed light on a significant problem that has been developing behind the scenes for companies in the financial services area and their advisers.*
Dodd-Frank Act Section 956 "Enhanced Disclosure and Reporting of Compensation Arrangements" has been overlooked by much of corporate America (and all o
. . . Michael S. Melbinger