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First Look at PvP Disclosure Trends From the 2023 Proxy Season

Harvard Corporate Governance

on Wednesday, June 7, 2023 Editor's Note: Amit Batish is Senior Director of Content at Equilar, Inc. The 2023 proxy season has officially come to a close. Separately, companies are also required to disclose their total shareholder return (TSR) and the TSR of their peer group. Posted by Amit Batish, Equilar, Inc.,

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Davis Polk Discusses Dodd-Frank Clawback Rules’ Application to Subsidiary Issuers, Guarantors

Reynolds Holding

The NYSE and Nasdaq adopted listing standards last year to implement the SEC’s clawback rule – these standards became effective on October 2, 2023, and listed companies had until December 1, 2023 to adopt a compliant clawback policy. A failure to timely cure noncompliance will also result in delisting.

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Boards’ Dilemma: The Compounding Problem Hidden in Share Buyback Execution Products

Reynolds Holding

As a capital allocation decision, share buybacks intersect all three of the main corporate finance activities of investing, financing, and dividends [1]. One of the deep-seated reasons for the splitting of opinion is that share buybacks transfer wealth between shareholders [2].

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Triton International to be Acquired by Brookfield Infrastructure in a $13.3 Billion Take-Private Transaction

Benzinga

Triton common shareholders to receive consideration valued at $85 per share, including $68.50 For our long-term shareholders, this transaction crystalizes a total shareholder return of approximately 700% since the 2016 merger of Triton and TAL International. in cash and $16.50

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Cooley’s 2023 Activism Year in Review: Wolfpacks at the Gate

Cooley M&A

As we look ahead to the 2024 proxy season (and beyond), let’s review the key 2023 trends and developments from activism playbooks, with a sharp focus on the ever-changing landscape in the technology and healthcare sectors. 4] Activists won 134 board seats globally in 2023, a 30% increase from 2022. Momentum building for 2024?

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Davis Polk Discusses NYSE and Nasdaq Clawback Rule Proposal

Reynolds Holding

On February 22, 2023, the New York Stock Exchange and the Nasdaq Stock Market released their respective versions of a proposed rule that implements the SEC’s clawback rule mandated by Section 954 of the Dodd-Frank Act. If the Effective Date is November 28, 2023, then the deadline to comply will be January 27, 2024.

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Skadden Discusses New SEC Pay-Versus-Performance Compliance & Disclosure Interpretations

Reynolds Holding

On November 21, 2023, the staff of the Securities and Exchange Commission’s (SEC’s) Division of Corporation Finance issued eight new Compliance & Disclosure Interpretations (C&DIs), and revised two previously issued C&DIs, relating to the final pay-versus-performance (PVP) disclosure rules adopted last year. Answer: No.