Wachtell Lipton's just-updated edition of its always-instructive "Compensation Committee Guide" provides an overview of the key duties, laws, rules, regulations, and standards applicable to listed company compensation committees and compensation-related disclosures; compensation methods and types and associated legal considerations; shareholder and shareholder-related proposals & developments; suggested practices that compensation committees should consider - including those relating to committee composition, meetings, minute-taking, and approvals; and much more! The firm notes that the guide is also relevant to private companies - particularly those that may at some point consider accessing the public capital markets.
Sample compensation committee charters for both NYSE and Nasdaq companies are included as exhibits for reference and for tailoring to company-specific facts and circumstances.
See our prior report: "Compensation Committees: Comprehensive Practical Guidance," and access additional resources on our Compensation Committees page. This post first appeared in the weekly Society Alert!