Founded in 1969, NIRI is the professional association of corporate officers and investor relations consultants responsible for communication among corporate management, shareholders, securities analysts and other financial community constituents. The largest professional investor relations association in the world, NIRI’s more than 3,500 members represent 2,000 publicly held companies and $5.4 trillion in stock market capitalization.

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Proxy Advisors, CEO Compensation and Political Contributions

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Proxy Advisors, CEO Compensation and Political Contributions

Congress returns to DC this week from holiday recess, and one of its first items of business will be to act on the federal government’s borrowing authority. If it seems like this is déjà vu, you are right! We can expect much political rhetoric accompanying the approval action. This discussion and news of S&P European downgrades may mean U.S. market volatility will return. Regardless, here are a few relevant items that crossed my desk last week:
• Proxy advisors review – the time is now! That is the message of this letter from the Shareholder Communications Coalition (NIRI is a Coalition member). The Coalition is urging the SEC to accelerate its evaluation of these businesses which is in sync with NIRI’s position. • NIRI members help GAO review analyst conflicts of interest. NIRI surveyed members on this matter last year and your opinions served as input in into this GAO report which calls for the SEC to make final codifications of the Global Settlement with brokers-dealers from 2003. The full report can be found here as well as a recent news story on the matter. • Corporate political contributions spotlighted. Take a look at this new tool that was launched in the past few weeks and see how your company compares. • A new tool or competitor to proxy advisors? The Council of Institutional Investors has signed on to a new service from Equilar that provides a pay-for-performance suite of analytical tools that could ultimately compete with proxy advisory services in the area of CEO compensation. This new tool provides insight using public information and allows comparisons against peers as a way to measure pay and performance. Time to make your plans for Seattle and the world’s largest IR event of the year from June 3-6!

Until next week,

Jeff Morgan, FASAE, CAE
President & CEO
jmorgan@niri.org
www.twitter.com/jeffreydmorgan

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National Investor Relations Institute

Proxy Advisors, CEO Compensation and Political Contributions