Shearman & Sterling LLP 2 | Title Here
Director & Executive
Compensation
Our eighth Annual Survey of Selected Corporate Governance Practices of the
Largest US Public Companies (the "Survey" ) reflects a year of consolidation, rather
than innovation, in compensation disclosure by the largest US public companies.
The proxy statements of the Top 100 Companies* continue many of the trends
noted in prior years: enhanced attention to the risk profile of compensation
strategies; more companies adopting clawback policies; increased acceptance
of shareholder say-on-pay votes; and increased use of independent
compensation consultants.
Few proxy statements report new compensation strategies or novel approaches
to compensation disclosure. One possible reason for the relative stability in
compensation practice and disclosure was the absence of significant new
legislation during the period covered by this Survey. Companies were not required
to assimilate and react to anything nearly as dramatic as the legislation
implementing the Troubled Asset Relief Program ("TARP" ) of the prior year.
Corporate Governance of the
Largest US Public Companies
2010
*See "Survey Methodology" on page 56 of this Survey for the list of the Top 100 Companies.
