Three ways the SEC’s proposed agenda reflects investor concerns
The SEC recently published its 2021 Regulatory Flexibility Agenda—a list that generally reflects the Chair’s priorities, but doesn’t always translate into action. Notably, the SEC expects rulemaking activity regarding three issues that investors are becoming [...]
SEC focuses on ESG disclosure
The Biden administration brought many changes to government, not the least of which is a determined focus on sustainability. That focus is evident at the SEC, where Acting Chair Allison Herren Lee is using her [...]
Expert advice: updating your code of conduct – Part Two
A code of conduct is often called the foundation of a company’s corporate ethics and compliance program. If properly designed and communicated, it’s the single most effective and impactful part.
Expert advice: updating your code of conduct – Part One
A code of conduct is often called the foundation of a company’s corporate ethics and compliance program. If properly designed and communicated, it’s the single most effective and impactful part. In addition to empowering [...]
Best of 2020
A recap of your favorite content from Labrador Each year, we conduct a benchmark study of the proxy statements filed by companies in the S&P 250, closely examining their content and [...]
Trends from the 2020 Transparency Awards
With the second annual U.S. Transparency Awards behind us, we want to share some disclosure trends that we saw in 2020 annual reports and proxy statements. Strategy disclosure in 10-K’s Companies in the U.K. regularly [...]
Second Annual U.S. Transparency Awards
In preparation for the 2020 U.S. Transparency Awards, Labrador has been busy analyzing how the top 250 companies (by market cap) in the S&P communicate with the market. For the past several months, a team [...]
Discretionary adjustments to executive compensation call for careful disclosure.
COVID-19 has had a significant impact on corporate performance, and a related impact on executive compensation. In many cases, long-term equity awards that were granted before March 2020 have lost value, and performance goals for [...]
Without plain language, you’re risking stakeholder trust.
Most of us know instinctively that using plain language is a good idea. “Please give me the most convoluted proxy statement possible,” said no investor, ever. But if you need some confirming data to convince [...]
ESG in the COVID Era: The Pressure’s On
For company leaders, navigating the COVID crisis presents challenges like no other. How to balance the imperative to protect the health of employees and partners with their responsibility to shepherd the company’s financial assets and [...]