One of the governance and pay websites/blogs I monitor, Proxy Insight, had a nice write-up on BlackRock’s changes to its U.S. proxy voting policy. What particularly caught my eye was a redlined version of BlackRock’s clawback voting policy, which changed substantially, and which I have copied below.

As I have blogged a few times over the last twelve months, companies are considering (and investors are demanding) the next generation in clawback policies in light of some of the corporate “scandals” during this period. I know that most of us are in the middle of proxy season and reacting to the Tax Act, and it may not be a good time to raise additional issues with the compensation committee, but put this on the agenda for the near future.