Navigating the 2018 Annual Report and Proxy Season

Presentation
A recording of the presentations may be viewed here. To quickly switch between sections, click on the Info button in the toolbar at the bottom of the screen to view the list of presentations. 

The presentation slides may be downloaded here.

Reference Materials

Proxy Advisory Firms

• ISS 2018 Americas Proxy Voting Guidelines Updates (only US printed) 
• ISS FAQs – Executive Compensation Policies 
• ISS FAQs – Equity Compensation Plans 
• ISS Pay for Performance Mechanics  
• Glass Lewis – 2018 Proxy Paper Guidelines

SEC

• Governance and Transparency at the Commission and in our Markets, Speech by Chairman Jay Clayton, November 8, 2017
• SEC Reg Flex Agenda
• Staff Legal Bulletin 14I on Shareholder Proposals
• Staff Accounting Bulletin No. 118 and C&DI 110.02 on Tax Reform
• Updated Statement on Effect of Court of Appeals Decision on the Conflict Minerals Rule

Stock Exchange

• NYSE Notices:
  • Implementation of revised Dividend Notification Policy
  • Material News Issued Immediately After NYSE Closing Time  
• Nasdaq Rulemaking Proposal:
  • Change Relating to Exchange’s Name Change 

Audit Matters

• PCAOB Staff Guidance – Changes to Auditor’s Report
• Center for Audit Quality:  2017 Audit Committee Transparency Barometer 

Governance

• Proxy Access:
  • CII Proxy Access:  Best Practices 2017
  • ISS Beyond the Basics: An In-Depth Review of the Secondary Features of Proxy Access Bylaws 
• CII Letter to Broadridge Committee for Best Practices for Annual Shareholder Meetings
• NY Comptroller Statements Regarding Virtual Only Meetings
• Vanguard Open Letter to Directors of Public Companies Worldwide

Cybersecurity

• Cybersecurity Governance

Sample Disclosures

• Proxy Disclosure Examples: 
  • Letters from the Chairman/Lead Director/Board
  • Timelines
  • Board Skills Matrix
  • Board Composition
  • Board Evaluation
  • Director Biographies
  • Shareholder Engagement
  • Risk Oversight
  • ESG/Social Responsibility
• Tax Reform Disclosure Examples:  
  • Risk Factors
  • 8-K Disclosures
  • 10-Q Disclosures
  • 162(m) Disclosures

Checklists

• Form 10-K Disclosure Controls Checklist
• Proxy Statement Disclosure Controls Checklist
• Pay Ratio Calculation Checklist 
• ISS/Glass Lewis 2018 Updates Checklist 
• Exhibit Hyperlinking Checklist 
• Comparison of ISS Equity Plan Scorecard Changes