February, 22 2010:
IRS agents have recently been quoted in the press saying, “ if you are not reviewing executive compensation, we are.” These statements are further supported by recent changes in IRS Form 990 for tax-exempt organizations. The IRS Form 990 that most tax-exempts file was revised and finalized in 2009; review the changed form, the new instructions, and rationale for the changes at www.irs.gov (click on the Charities & Non-Profits tab).
Form 990 information concerning executive compensation has long been a focus of IRS compliance efforts, and the new revisions reflect the heightened IRS scrutiny. The IRS now wants to know what salaries and remuneration are paid, but also the process you use to determine compensation levels.
Immediate Compliance Changes With New SEC Regulations
On December 16, 2009, the Securities and Exchange Commission, by a 4–1 vote, approved rule amendments that will require enhanced disclosure in proxy statements related to executive compensation, risk oversight, corporate governance, and executive compensation. These amendments become effective on February 28, 2010, and are applicable for US companies with public float greater than $75mm.
Texas Top Guns Analysis 2009 | 2010
L&A continues to analyze the Top Guns of Texas' leading public and private companies. This analysis details the 2009 proxy disclosure for CEOs of Texas' 358 companies with the highest revenue. To receive a full version of L&A's 2009 | 2010 edition of Texas Top Guns, please Contact L&A.
"Human Resources and Compensation Committees:
Leveraging Expertise"
This piece is presented by Leapfrog HR Executives, Longnecker & Associates and Starr-Tincup as part of a the HR Career Development Series entitled "Critical Concern White Papers." "Human Resources and Compensation Committees: Leveraging Expertise" discusses the crucial roll the HR professional plays during board of director and compensation committee meetings when compensation issues are at stake.
The Good, The Bad & The Ugly
Longnecker & Associates comments on a recently proposed legislation entitled: The Corporate Executive Compensation Accountability and Transparency Act (S.2866). The "Act" was introduced April 15th 2008 by Senator Hillary Clinton.
A Year In Review: Significant Issues of 2007
Longnecker & Associates provides a retrospective look at some of the most significant issues in Executive Compensation during 2007.
Compensation Committees: New Challenges, New Solutions
Brent Longnecker, CEO of L&A, summarizes a recent discussion held at the Harvard Business School.
ln The News- 2007 Legislation
Legislators Take Aim at Executive Compensation
2006 Top Executive Compensation Review / Houston Chronicle Article
Big money for the top brass, but less of it
The Demise of the IPO Allure
Has the American dream faded into the past?
Compensating for Dividends
Compensation in a taxless dividend environment
Golden Parachutes
Excess payouts related to change-in-control
Are Two Consultants Better Than One?
Is it necessary to hire two consultants for the sake of independence?
Loans to Executives
Have Companies Lost a Valuable Tool?
Problems With Black-Scholes
Serious flaws using Black-Scholes to model employee options
Expensing Stock Options
Is FASB about to make a serious mistake?
The Impact of Sarbanes-Oxley Act
What changes can be expected from this new legislation?
Accounting for Employee Stock Programs Consistently
Stock option accounting changes create inconsistencies
How to Handle Underwater Options
What alternatives make the most sense?
The Development of Corporate and Committee Charters
A key component in board governance
Alternatives to Stock Options
Choosing an alternative that is right for your organization