TK Kerstetter, President, Corporate Board Member, talks with Francis Byrd, Senior Vice President, Laurel Hill Advisory Group.
Does your board have a break the glass plan in place when getting negative recommendations from ISS or Glass Lewis? The proxy is more than a compliance document; it is a marketing document. Investors are looking at thousands of proxies. They need to get to the point right away. Will mandatory say on pay be implemented in the UK and/or Australia? Would that make a difference here? Proxy access and political accountability big looming issues. Key development: use of executive sessions.