RELATED ALERT: New SEC Guidance: Pay-Versus-Performance Disclosures in Upcoming Proxy Statement Filings (February 15, 2023)
On Aug. 25, the SEC released its final regulations implementing Dodd Frank Section 953(a) Pay for Performance rules (much to the chagrin of Commissioner Peirce). The rules are extremely complicated and prescriptive in nature and will require companies to undertake significant new calculations for the 2023 proxy season.
For assistance navigating these new rules, please see the linked slide deck and feel free to use the slides in internal presentations to management/business partners. C-suite executives should be very interested in the new executive compensation disclosure rules.
Please reach out to McGuireWoods’ employee benefits team with any questions about the rules or for a copy of the slides in PowerPoint format. The team has already built model disclosures and would be happy to share insights.