Thursday, April 19, 2018

N.J. regulators back disclosure of health insurers' executive pay

Over protests from health insurers, the New Jersey Department of Banking and Insurance has decided that executive compensation at Horizon Blue Cross Blue Shield and Independence Health Group, which operates through AmeriHealth New Jersey, is public information and must be disclosed.

Insurers’ “assertions of proprietary interests” regarding executive pay “are at times tenuous and ultimately outweighed by the public’s interest in such information,” the insurance department said in a bulletin last month, notifying insurers that it would return to its long-standing position that executive pay is public.

The Inquirer Daily News, April 4 2018
by Harold Brubaker & Andrew Seidman - Staff Writers

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DowDuPont executive pay under dispute in upcoming shareholder meeting

Some skeptical DowDuPont shareholders want to limit executive pay and seize tighter control of the company, even as it prepares to split into three independent firms. 
They argue in a shareholder voters guide that too close of a relationship exists between DowDuPont's board of directors and company executives.
A slew of related shareholder proposals, which come with unanimous opposition from the board of directors, will be voted on at an April 25 shareholder meeting in Chicago.
It could become the only shareholder meeting for the short-lived company, which formed from the merger of Dow Chemicals and DuPont in August. It announced in February that a spinoff of its agricultural division could happen as early as April of next year.
delawareonline 4/18/18 Damian Giletto/The News Journal
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Executive Compensation in the Age of Populism

Executive compensation and corporate governance are front-and-center topics for professionals in the U.S., Western Europe and elsewhere around the world.  

Additionally, a focus on compensation committees has been increasing since 2011, when shareholders first had the right to vote on a company’s executive compensation program as described in the Compensation Discussion and Analysis (CD&A) section of a company’s proxy statement. This right, a so-called “say on pay,” gives shareholders and their advisers greater influence over executive pay and governance matters and raises the profile of compensation committees.

BRINK April 12, 2018
An interview with Teresa Bayewitz, Principal in Mercer's Career business in New York