L&A’s Thoughts on SailingStone’s Governance & Compensation Memo

SailingStone Capital Partners recently shared a memo» outlining key changes to their proxy voting guidelines relating to governance and incentive compensation practices. Below we share our thoughts on each of the changes they will implement in the 2020 proxy season. Governance INDEPENDENT CHAIR: SailingStone Guideline: Vote against the entire board of a company if the roles of chairperson and CEO...

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Key Takeaways from TPH’s Proxy & Governance Conference

Recently, some of the team at L&A was afforded a great opportunity to participate in TPH’s Energy Roundtable discussion with multiple constituents involved in the corporate governance landscape within the industry. TPH (Tudor, Pickering, Holt & Co.) is an integrated investment and merchant bank providing high quality advice and services to the energy industry and L&A was honored to participate. We...

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Updated CII Policies on Executive Compensation

On September 17, 2019, the Council of Institutional Investors (CII) announced a major revision in its governance policies relating to executive compensation. Their updated policies on executive compensation urge public companies to reduce the complexity of their pay plans and set longer periods for measuring performance for incentive awards.

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L-Blast | September 2019

Dear All, It’s nice to feel some slightly cooler temperatures as we enter the fall season and start drawing closer to the end of 2019! It’s a good time to refocus our energies to tackle the last few months of the year and finish strong. We have some great reads for you this month, starting with a summary of ISS’...

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2019 ISS Benchmarking Policy Survey – Key Findings

L&A REPORTS KEY FINDINGS IN ISS 2019 SURVEY On Sept. 11, 2019, Institutional Shareholder Services Inc. (ISS) announced the results of its 2019 Global Policy Survey based on respondents including investors, public company executives and company advisors. ISS will use these results to inform its policies for shareholder meetings occurring on or after February 1, 2020. ISS expects to release...

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