Survey Results: Compensation Committee Meetings/Disclosure Committee Meetings
 1. In the
wake of the SEC’s new compensation disclosure rules, our
compensation committee has the following people attend their
meetings: (Total responses: n=106)
(select all that apply, may total more than 100%)
|
| n=61 (57.55%) |
General counsel |
| n=36 (33.96%) |
Securities law counsel |
| n=9 (8.49%) |
Employee benefits law counsel |
| n=63 (59.43%) |
Head of Human Resources department |
| n=26 (24.53%) |
Other member of Human Resources department |
| n=53 (50.00%) |
Corporate secretary or assistant corporate secretary
|
2. Does
someone from your independent auditor attend your disclosure
committee meetings: (Total responses: n=98)
(select only one) |
| n=65 (66.33%) |
No; no one from the independent auditor attends any
disclosure committee meetings |
| n=18 (18.37%) |
Some; someone from the independent auditor attends some
of the disclosure committee meetings (e.g. just selected
meetings such as those relating to financial reports or earnings
releases) |
| n=15 (15.31%) |
All of them; someone from the independent auditor attends
all of the disclosure committee meetings |
3. If
someone from your independent auditor attends some or all of
your disclosure committee meetings, does that person:
(Total responses: n=31)
(select only one) |
| n=9 (29.03%) |
Independent auditor requested the right to attend |
| n=22 (70.97%) |
Company requested that someone from the independent
auditor attend |
4. If
someone from your independent auditor attends some or all of
your disclosure committee meetings, what is the purpose for
attendance: (Total responses: n=34)
(select only one) |
| n=11 (32.35%) |
To function as an active participant in the deliberations
of the disclosure committee |
| n=12 (35.29%) |
To serve in an advisory capacity and answer questions if
asked |
| n=7 (20.59%) |
To monitor and record the activities of the disclosure
committee |
| n=4 (11.76%) |
Other |
|
