Partner Bob Wild Quoted in Compliance Week on Proxy Statements

Bob Wild, a partner in the firm’s Corporate Practice, was quoted in an article in Compliance Week on drafting proxy statements for say-on-pay proposals. Under the Troubled Asset Relief Program, companies accepting government bailout money must give shareholders an advisory vote on executive compensation. With little time to draft unique language for the proposal, many companies have looked to the American Recovery and Reinvestment Act itself. Mr. Wild, who has reviewed several draft proxies, says, “The safest approach seems to be language crafted out of the statute, rather than free writing. It may not be the most artfully worded, but it’s the most defensible.” (“Crafting Proxy Language for the Say-on-Pay Vote,” March 17, 2009)