Home : Contact   The Firm Core Services  Client Resources Partners & Staff   CLIENT RESOURCES -> Surveys Locations Alerts/Articles/Newsletter -> Recent Surveys/Reports Page 1 : 2       At no other epoch in the history of the world has there been such awareness of the critical importance of human resources. Organizations of all types – whether commercial, industrial governmental, or philanthropic – depend for their success ultimately on the skills and abilities of the people who comprise them. No technology yet developed can substitute for the uniquely human qualities that all of us bring to the workplace. This section has been reserved to keep human resources practitioners current on trends and legislation affecting the people side of the enterprise. Proposed SEC Changes Will Serve to Render Compensation Decisions More Visible to Stakeholders The Security and Exchange Control Commission’s (SEC) continuing efforts to make the compensation programs of public companies more transparent has resulted in proposed amendments to its existing compensation disclosure rules. If the changes are adopted they will be effective for next year’s proxy. The changes being proposed at the same time as the SEC is increasing its review of CD&As, and the enforcement of CD&A regulations. The SEC’s 2010 Proposed Changes The SEC announced proposed changes to disclosure requirements in proxy statements on July 10, 2009. These changes included reporting of stock-based compensation (below), new disclosures in the CD&A covering the connection between risk and compensation programs, and potential conflicts of interest related to the use of compensation consultants. Summary Compensation Proposals Fair value grant date in line with FAS 123(R)…total compensation column adjustments Special risk criteria to be considered Reporting on the use our outside compensation consultants: Selection criteria, services, selection approval, and itemization of fees for services Number of CD&A reviews will increase in 2010 Executive Compensation Practices Coming Under Scrutiny Tax gross-ups Single-trigger equity acceleration provisions Say-on-Pay (a non-binding component) Election of Directors -> Contact SRG for the full alert...     ©Copyright 2009 Strategic Rewards Group. All rights reserved.