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Compensation on the Rise for Pa. General Counsel

The highest-paid general counsel among Pennsylvania public companies is new to her job and new to the list of top-paid chief legal officers in the state. Read more

GC Mid-Atlantic Events

The Association for Corporate Counsel is set to host an informal roundtable luncheon dealing with information technology, e-commerce and privacy issues on Oct. 15 from at 333 Belrose Bar & Grill, 333 Belrose Lane, Wayne, Pennsylvania. The roundtable, which does not offer CLE credit, will be led by Fisher & Phillips attorneys Risa Boerner and Heather Steele. There is no charge to attend, but space is limited. Contact Chris Stewart at 215-295-0729 or delvacca@acc.com. Read more

Stock Options and Equity Stage National Comeback

Today’s general counsel shoulder a great deal of responsibility for the legal well-being of some of the world’s largest and most complex corporations. And if current trends hold, they will continue to become even bigger players in corporate strategy and risk management in the years to come. Read more

SEC Addresses Rulemaking Mandate on Compensation

The past year has seen its fair share of U.S. Securities and Exchange Commission rulemaking initiatives, in particular with respect to rules relating to compensation matters. During 2015, the SEC issued rules on three significant and highly anticipated compensation-related matters. The rules, two of which are proposed and one of which is final, address pay-for-performance disclosure, the clawback of erroneously awarded incentive-based compensation, and, perhaps most significantly, pay-ratio disclosure. Each of these rules was issued pursuant to outstanding rulemaking mandates imposed by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Such rulemaking mandates were enacted in response to the economic recession in order to address excessive executive compensation. The rules require public companies to provide additional disclosure in their securities filings and to implement a new written clawback policy. Some of the underlying requirements of the rules have been met with fierce criticism. This article reviews the SEC’s rules on these major compensation matters and summarizes their likely impact on public companies. Read more