Corporate Governance Practices， Disclosure Requirements Continue to Evolve， Says Shearman &； Sterling''s Fifth Annual Corporate Governance Pract
U.S. public companies continue to evolve their governance practices, especially those relating to voting matters, director independence, qualifications and time commitments, related party transactions and shareholder proposals, as they now also grapple with SEC disclosure requirements around executive and director compensation, according to Shearman & Sterling''s fifth annual Corporate Governance Survey of the largest US public companies.
This year''s survey comes in two parts -- the fifth annual examination of general governance practices and a new annual report on executive and director compensation practices. The survey findings are primarily based on an in-depth analysis of the proxy statements of the top 100 US public companies.
"We continue to see increasingly active involvement by shareholders seeking to influence corporate strategy and direction," said John Madden, Shearman & Sterling''s co-managing partner. "We are also seeing a greater role being sought by shareholders in the director election process, as well as a paring back of structural takeover defenses."
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