ABI Blog Exchange

As we previously discussed, ISS recently released its U.S. Preliminary Compensation Policies FAQ, which provides interested parties an advance view of ISS’ answers to select questions posed to ISS regarding potential changes to its U.S. compensation policies.  Updated compensation-related FAQ documents and a methodological whitepaper—which will include a detailed introduction of ISS’ new Economic Value Added (EVA) metrics—will be available in mid-December.  These changes are effective for meetings held on or after February 1, 2020.  The below summarizes the key changes outlined by the preliminary FAQ.

Changes to the Quantitative Pay-for-Performance Screens for 2020 

ISS applies an initial set of quantitative screens followed by a set of qualitative screens when evaluating say-on-pay proposals. 
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Year to date through Sep. 30, 2019. Dollars in thousands.

On December 1, 2019, Anna Holdings, Inc., along with nineteen of its affiliates, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (Lead Case No. 19-12551-CSS). The Debtor reports assets valued between $500 million and $1 billion, as well as liabilities between $1 billion and $10 billion. The Debtor presently expects that funds will be available for distribution to unsecured creditors. The cases have been assigned to the Honorable Christopher S. Sontchi.

Cole Schotz does not represent the Debtors in this case. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact Debtors’ counsel.

Bankruptcy lawyers regularly evaluate the dischargeability of taxes when deciding when to file a client’s bankruptcy case. At base, the 3 year rule, the 2 year rule, and the 240 day rule routinely drive timing of a bankruptcy. But as we approach the end of the tax year, a client’s current year tax situation becomes […]

The post Taxes & Timing: Calculating Outcomes for Bankruptcy Debtors appeared first on Bankruptcy Mastery.

The Fed's real-time payments system won't be up and running for years, but consumers and businesses demand faster payments today.

Each month Gordian’s Co-founder and CEO Henry F. Owsley,  picks three articles, posts or current news events that he found interesting and worth sharing with Gordian clients and our growing network . He provides some commentary and context and where applicable how the Gordian Group can help.

Toxic Debt

Many municipal and quasi-municipal entities have long demonstrated poor economic stewardship.  Chicago, Detroit, Stockton, Puerto Rico and Pacific Gas & Electric (PG&E, California’s prominent whipping-boy utility) have merely been the most visible of late.  There may be no new news in this sad state of affairs, nor in the reality that fundamental problems facing America cannot be fixed simply by improved management and the occasional bailout.  But, like Topsy, the crisis continues to grow.

Stephen Ranzini, CEO of University Bank, says The Clearing House's RTP and Early Warning's Zelle handle enrollment, encryption and authentication insecurely.