Trends in Executive Change-in-Control Severance Agreements

Kalfen, Donald; Powers, Michael; Rodda, Daniel
July 2012
NACD Directorship;Jul/Aug2012, Vol. 38 Issue 4, p70
The article discusses changes in the executive change-in-control (CIC) severance arrangements of public companies in response to increasing pressure from activist shareholders, proxy advisory firms and corporate governance experts. A 2011 to 2012 study conducted by Meridian showed the prevalence of CIC cash severance benefits for named executive officers (NEO). The trend of eliminating tax gross-up provisions is expected to continue.


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