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EXECUTIVE COMPENSATION BLOG
Welcome to Winston & Strawn's Executive Compensation Blog. This blog features updates and discussion on the most current executive compensation issues and developments, as well action item reminders and strategies. We hope you enjoy learning a little bit about our practice area interest and reading these articles.

My commitment to the reader is that I will keep the Blogs short and to the point. I only post 2 or 3 times each week, depending on what is new and important, so I won't clog your email with a bunch of lengthy newsletters that you never have time to read.

To subscribe to these updates, please see the RSS icon at the top right of the page.
About the Blogger
Michael S. Melbinger
Partner
Chair, Employee Benefits and Executive Compensation Practice
Chicago Office
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May 23, 2013
Several Great Posts on Exec Comp by Ed Hauder Today

Friend and fellow blogger Ed Hauder apparently resurfaced after another grueling proxy season today, making five different posts to his always excellent blog. I want to draw attention to two topics in the posts: 

1. Bad Day at the Office for ISS. "Schadenfreude" is a German term for pleasure derived from the misfortunes of others . . .

Michael S. Melbinger

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May 20, 2013
PCAOB Re-Proposes New Auditing Standard Affecting Executive Compensation and Risk Assessments

Readers know that I have blogged many times on the SEC's compensation risk assessment requirement for public companies. And on that subject, last spring, I posted a blog entitled "PCAOB Butts in on Executive Compensation?", commenting (unfavorably) on the Public Company Accounting Oversight Board's proposed amendments to auditing standards for identifying and assessing excessive risk in executive compensat . . .

Michael S. Melbinger

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May 17, 2013
Advisor’s Duty to Investigate their Independence as to the Compensation Committee

I have been blogging on this issue for two years now, but as the July 1 deadline approaches everyone seems to be talking about it. Many public compensation committees apparently are still in the process of completing the required independence assessment for their advisers. This seems especially true for legal counsel, as to which these requirements are completely new. 

Inquiring minds want to know: "Mike, how is Winston figuring out how to test for a 'business or p . . .

Michael S. Melbinger

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May 14, 2013
Follow-Up to Proposed Regulations under Code Section 162(m)(6) Capping Deductible Compensation at Covered Health Insurance Providers

Last month I blogged on the proposed regulations under new Code Section 162(m)(6) "IRS Issues Proposed Regulations under Code Section 162(m)(6), Applicable to Covered Health Insurance Providers". Although this blog generated more feedback than I expected, proxy season duties (and topics) interv . . .

Michael S. Melbinger

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May 10, 2013
Last Call for Changes to Compensation Committee Charters

With the annual meeting approaching for most of you, I wanted to remind you of the July 1st deadline to have the Compensation Committee Charter comply with the new stock exchange rules on independent advisers. Obviously, there is still time before the July 1, 2013 deadline. However, a change to the Charter, if necessary, would require Board/Committee action and there are a limited number of Board meetings before July.

Every Compensation Committee Chair with whom I h . . .

Michael S. Melbinger

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