15 oct. 2020 - Traduction en cours. BlackBerry Ltd. completed an amended debt refinancing transaction with its significant shareholder Fairfax Financial Holdings Limited (Fairfax), on September 1, 2020, after having made changes to the transaction terms on two separate occasions. These included...
Executive Decisions: Compensation Trends In and Outside of Times of Crisis
Chapter 6 of Davies Governance Insights 2020
Traduction en cours.
The reasonableness of executive compensation arrangements has long been a contentious issue. The COVID-19 pandemic has accelerated pre-existing trends and introduced new challenges, including increased concerns about the widening pay gap between executives and the average Canadian employee, as well as demands for greater proportionality of outcomes for issuers’ various stakeholders. In this chapter, we explore the ways public issuers in Canada and the United States have adjusted their compensation structures in response to unanticipated disruptions. We also provide guidance for boards and compensation committees considering recalibrating their compensation plans. Finally, we discuss the pandemic’s impact on both current year and future say-on-pay votes and some renewed calls for mandatory pay ratio disclosure in Canada.
This chapter appears in the 2020 edition of Davies Governance Insights, our comprehensive annual report on the trends and issues most important to Canadian public companies.
5 oct. 2020 - Traduction en cours. The emergence of COVID-19 fundamentally reshaped our economy and the way we do business in a matter of weeks. These changes are likely to continue as the pandemic runs its course. The stresses and uncertainty brought on by the pandemic have led to unprecedented...