Baker McKenzie Companions Jennifer Broder (Transactional) and Peter Chan (Monetary Regulation and Enforcement) joined a rising variety of voices urging the SEC to modernize its method to govt compensation disclosures. In each a written submission to the SEC and an article for the Monetary Occasions’ Agenda, they advocate for adjustments to the foundations on perquisites, emphasizing that present necessities to reveal private safety and company plane use as “perks” are more and more out of step with in the present day’s heightened menace setting and evolving govt obligations.
Jennifer emphasised that boards shouldn’t be discouraged from approving essential safety measures or requiring safe journey for CEOs, noting that such protections are enterprise requirements, not private advantages. Peter added that reclassifying these bills as enterprise prices would enhance the accuracy and comparability of govt compensation disclosures, serving to buyers make extra knowledgeable choices.
Learn the total article in Agenda.
Learn extra in Jennifer and Peter’s remark letter to the SEC: The Actual Lifetime of a CEO: Fashionable Day Points Concerning Safety, Accessibility and Journey Expectations
Jennifer emphasised that boards shouldn’t be discouraged from approving essential safety measures or requiring safe journey for CEOs, noting that such protections are enterprise requirements, not private advantages. Peter added that reclassifying these bills as enterprise prices would enhance the accuracy and comparability of govt compensation disclosures, serving to buyers make extra knowledgeable choices.
Learn the total article in Agenda.
Learn extra in Jennifer and Peter’s remark letter to the SEC: The Actual Lifetime of a CEO: Fashionable Day Points Concerning Safety, Accessibility and Journey Expectations
