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Global - November 30 2012
Institutional Shareholder Services ("ISS") recently released its 2013 policy updates for the United States, Canada, Europe, Asia and other international markets.
USA - October 11 2012
December 31, 2012, is the deadline for correcting certain errors in the written provisions of nonqualified deferred compensation arrangements that provide payments that are contingent on the recipient’s execution of a release of claims, or a restrictive covenant agreement or similar document.
USA - July 30 2012
Glass, Lewis and Co., LLC (“Glass Lewis”), an independent proxy advisory service, recently modified its methodology to evaluate the alignment between executive pay and company performance for purposes of making say-on-pay voting recommendations.
USA - July 10 2012
The Internal Revenue Service recently released Revenue Ruling 2012-19 to clarify that dividends and dividend equivalents granted in connection with restricted stock or restricted stock units (“RSUs”) that are considered performance-based compensation for purposes of Code Section 162(m) must also separately satisfy the requirements under Code Section 162(m) to be treated as performance-based compensation excludible from the deduction limitation set forth in Code Section 162(m).
