5 Executive Comp Considerations For Proxy Season

Law360, New York (March 8, 2013, 2:36 PM EST) -- In addition to the normal disclosure required in the U.S. Securities and Exchange Commission's Compensation Discussion and Analysis (CD&A) portion of the annual proxy statement, companies should consider the following items when preparing the 2013 proxy statement:

1) Section 162(m) Compliance

In general, Section 162(m) of the Internal Revenue Code limits the tax deductibility of compensation paid to the CEO and the next three most highly compensated officers (not including the CFO) of any public company to $1 million, unless the compensation is “qualified performance-based compensation”...
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