Employee Stock Purchase Plans: Why Offer One?
ESPPs offer wide flexibility and drive employee engagement while being both cost-effective and cash flow-positive. In this video, we discuss the importance of ESPPs in the Total Rewards portfolio.
Warrants on Preferred Stock: Is Black-Scholes Leading Us Astray?
We explain why the Black-Scholes model can drive potentially problematic results on private company preferred stock, then discuss ways to work around this.
The Proxy Advisor Balance of Power May Be Shifting
We unpack the SEC’s clarification that proxy advisors engage in proxy solicitation, as well as the implications this has for executive compensation.
Why Your TSR Award Value Is Unexpectedly High—and What You Can Do About It
Why is the fair value of your TSR award so high? In this article, we go over three of the most common reasons—and what you can do about them.
Equity Compensation in Cost Sharing Arrangements: The Altera Supreme Court Case
Last year, a high court ruling on a 2003 case affirmed that stock-based compensation must be included in cost sharing arrangements. Learn more about the case history and the implications of this decision.
How the SEC’s SPAC Guidance Affects Warrants
As special purpose acquisition companies extended their hot streak this year, the SEC released a statement on the accounting for warrants issued in these deals that effectively changed the investing landscape overnight. Here we provide an overview of SPACs, the guidance issued by the SEC, and considerations for the liability accounting model.
Clawbacks: Challenges, Pitfalls, and Trends
Our article in the Corporate Governance Advisor discusses how clawbacks can introduce accounting and legal risk if designed or activated incorrectly and offers a practical checklist on clawback implementation.
Bold Predictions for Equity and Executive Compensation in the Next Four Years
From our crystal ball, here are 17 bold predictions of soon-to-appear changes in equity compensation and the broader corporate governance landscape.
Structuring Equity Compensation
Equity compensation is a key to a company’s broader total rewards program. It’s crucial to understand how it works, how it is valued, and the impact on a company’s financial statements. In this video, we discuss how to use this powerful tool effectively.
Parting is Such Sweet Sorrow: The End of Joint Ventures and Staged Acquisitions, and the Implications for Valuations
Companies have many ways to wind down a partnership. The key is to make these decisions ahead of time to avoid valuation headaches down the road.