Results of a study published in April 2019 by the executive compensation consulting firm, Pearl Meyer, suggest that Russell 3000 companies, which have not yet received an “Against” Say-on-Pay (SOP) recommendation, will likely receive one down the road. The firm states that “it’s reasonable to expect that at some point in the future, more than 80% of companies will have fallen victim to a negative vote recommendation at least once.”
Relevance. Management’s SOP proposals give shareholders a precatory or nonbinding vote on compensation packages for the company’s top executives. While the underlying regulation permits some leeway on the frequency of holding these votes, many companies opt to do so annually.
Read More from: Davis Polk Briefing: Governance
A common misconception about bankruptcy is the idea that transferring the title of an asset to another person will protect it from repossession or from being sold to pay for outstanding debts. Under the U.S. Bankruptcy Code, there is a provision known as the “look-back period” that will effectively reverse certain pre-bankruptcy petition transfers occurring […]
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Nominated for a full term at the central bank, Michelle Bowman told senators that bankers should not fear repercussions for servicing hemp growers after the crop was legalized.
Mark Graf, who joined the Riverwoods, Ill.-based credit card issuer in 2011, will participate in the search for his successor.
A year after launching the digital bank, JPMorgan Chase has concluded that the millennials it targeted don't need a separate brand.
Organized crime groups are selling access to the computer networks of financial firms like Bank of America Corp. and hacking tools targeting these companies, according to a British researcher who posed as a buyer on several dark web marketplaces.
As banks seek to innovate, executives should accept that ignorance and mistakes are part of the process.
The two U.S. banks and Barclays have agreed to pay $91 million to settle claims that traders colluded to manipulate rates over a six-year span.
DNB had been facing pressure from an activist investor to consider selling itself.
The bank is having trouble finding an outsider and acting chief Allen Parker has impressed the board; the former Chicago mayor will join Centerview Partners.
Last year we wrote an article ‘Let’s Fly Away’ reporting on the increasing number of airline insolvencies.
The Department for Transport has now published its final report reviewing airline insolvency and in this article, we look at the recommendations of that report.
Changes that we might expect to see in the future include:
Read More from: eSQUIRE Global Crossings
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The company will pick up five branches as part of the $48 million deal.
The U.S. still relies on antiquated payment processing technologies while other countries can process in real-time. What's the holdup?
On-demand wage delivery has caught on in other industries. Banks have taken notice.
The regional bank has begun closing branches in Chicagoland as part of a plan to reduce its net number of brick-and-mortar offices by up to 15% even as it looks to expand in the Southeast.
The company intentionally submitted inaccurate borrower information overstating the number of white applicants, the consumer bureau alleges in a consent order.
Sandler and his wife, Marion, built a small California thrift into a powerhouse before selling it to Wachovia prior to the housing collapse, but were heavily criticized for engaging in some of the same practices that caused the financial crisis.
State Street, BNY Mellon, UBS and Credit Suisse are among the banks that have created a company to bring their idea of a utility settlement coin to life.
If four BB&T executives, including the CFO and COO, remain through the closing of its merger with SunTrust, they'll receive multimillion-dollar payouts.