Overview : This HR compliance training will discuss the dramatically increased role of the board of directors and shareholders in public companies' development and implementation of executive compensation plans and programs since the Dodd-Frank Act of 2010. It will focus on evolving best practices corporate governance and the resulting changes to executive compensation programs [and changes in the way board develop corporations communicate with their shareholders.
Why should you attend: The courts, the media, shareholders and their advisors, politicians, and the federal government are all focused on executive compensation plans, programs and agreements like never before. The financial crisis of 2008-2009 and the resulting Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 completely and permanently "changed the game" for executive compensation and HR professionals, as well as for the board members who decide on executive compensation and the executives who receive it. This webinar will describe these changes and discuss how HR and legal professionals, officers and directors of corporations need to react. The Dodd-Frank Act empowered shareholders and their shareholder advisory firms (e.g., ISS and Glass Lewis) to take a greater role in shaping executive compensation at public companies. The media and politicians have been eager to exploit any issue that arises as to an executive's compensation. The U.S. Securities and Exchange Commission has added significant new reporting and disclosure requirements for public companies' executive compensation
Finally, 2012 and 2013 have seen an dramatic increase in the number of lawsuits related to executive compensation against public companies and their officers and directors. For the first time in decades, the courts have issued decisions favorable to plaintiffs in recent cases. This HR best practices online training will discuss how HR and legal professionals, officers and directors of corporations need to react to the surge in executive compensation litigation.
Areas Covered in the Session: