transcript   Transcript

Avoiding Compensation-Related Legal Actions

Recorded on: Sep. 20, 2017
Running Time: 00:56:22

Full Transcript:

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Taken from the Web Program Hot Issues in Executive Compensation 2017 recorded September 2017 in New York.

Avoiding Compensation-Related Legal Actions [00:56:22]
  • The business judgment rule
  • Process matters – documentation, disclosure, conflicts, outside advisors’ advice and conduct of meetings
  • The CSX/Mantle Ridge settlement
  • Trends in shareholder approval of directors compensation
  • 2017 Litigation update

The purchase price of this segment includes the following article from the Course Handbook available online:

  • Executive Superstars, Peer Groups and Overcompensation: Cause, Effect and Solution
    Charles M. Elson, Craig K. Ferrere
  • Cleary Gottlieb, M&A Report, Executives’ Interest in Their Own Compensation (December 2005)
    Christina P. Flinn, Katie Sykes, Arthur H. Kohn
  • Cleary Gottlieb, Mergers & Acquisition and Corporate Governance, In re Viacom: Director Independence Takes Center Stage in Executive Pay Lawsuit (September 2006)
    Katie Sykes, Alexandra Magness, Arthur H. Kohn
  • Katie Sykes and Anna Gercas, Cleary Gottlieb, Mergers & Acquisition and Corporate Governance, Memorandum Regarding Emerging Delaware Standards for Compensation Decision-Making (June/September 2007)
    Arthur H. Kohn
  • Cleary Gottlieb, Alert Memorandum, Delaware Case Raises Question About Structuring Director Compensation (August 22, 2012)
    Arthur H. Kohn
  • Cleary Gottlieb, Alert Memorandum, Delaware Chancery Court Revisits the Topic of Fiduciary Duties of Directors in Approving Senior Executive Compensation Packages (March 8, 2016)
    Arthur H. Kohn
  • Cleary Gottlieb, Alert Memorandum, Jury Awards Ousted General Counsel Nearly $11 Million in Whistleblower Retaliation Action—Key Takeaways (February 21, 2017)
    Arthur H. Kohn
  • Balancing Concessions to Activists Against Responsiveness to the Broader Shareholder Base: Lessons from a Recent Settlement with an Activist (March 27, 2017)
    Arthur H. Kohn, Elizabeth K. Bieber, Ethan A. Klingsberg, Rolin Bissell

Presentation Material

  • Avoiding Compensation-Related Legal Actions
    Charles M. Elson, Arthur H. Kohn, Kathaleen McCormick
Charles M Elson ~ Edgar S. Woolard, Jr. Chair in Corporate Governance; Director of the John L. Weinberg Center for Corporate Governance; Professor of Law & Finance, Director of the John L. Weinberg Center for Corporate Governance, University of Delaware
Arthur H Kohn ~ Cleary Gottlieb Steen & Hamilton LLP
Kathaleen McCormick ~ Young Conaway Stargatt & Taylor LLP
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