More substance on executive pay on the way

By Geert De Lombaerde Posted on November 19, 2009 at 9:32 am

Bass Berry & Sims’ executive pay specialists say the Securities and Exchange Commission is getting serious about providing investors with more meat and less fat in 2010 proxy statements.

Parratt noted that there was too much discussion of the framework in which decisions are made and not enough insight into the reasons behind compensation policies and decisions. Therefore, for the upcoming 2010 proxy season, companies should present a thorough analysis of their compensation decisions, avoiding boilerplate and unnecessary information and instead providing the specific details of the actual decisions that were made.

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Tags: Bass Berry & Sims, executive compensation, government regulation, Jamie V. Wade, Michael E. Carr Jr., proxy statements, Todd J. Rolapp  

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