January 2017 L-Blast: Deal Lawyer SEC Chair Could Mean Changes for Executive Compensation | ‘Tis the Season for W-2 Scams | New Congress Begins with Total Rewards Issues Keyed Up For Action
It’s crazy to think we are already in February and proxy season will soon be upon us. January flew by and was an interesting month with President Trump’s inauguration. Many of us are keenly monitoring the changes taking place during Trump’s initial days in office. One that we find interesting is the nomination for SEC Chair. Walter “Jay” Clayton, a well-known deal lawyer in mergers, acquisitions, and IPO’s, is the focus of this month’s NFPCCmp;A original article. We sought to explore his experience and expertise in corporate America and what it might mean for the future of executive compensation. We have a couple of other interesting articles this month and an announcement that we hope you will find valuable.
The first article discusses a human resources nightmare we are familiar with – the season of W-2 scams. Criminals obtain W-2s with Social Security numbers, salary data, birthdates, addresses and other personal information, file fake federal tax returns and make off with claim refunds from the government. New tax filing deadlines for employees are being implemented in the hopes they may help prevent these cybercrimes. The article discusses ways the human resources function can protect jobs and data to minimize the potential of it falling into the wrong hands. We know you will find this information valuable and important in the coming weeks.
The other article features our friends at WorldatWork discussing the new Congress’ potential actions related to total rewards issues in the coming weeks. Congress is expected to address several issues, the first being The Patient Protection and The Affordable Care Act (ACA) and its repeal. With President Trump signing his first executive action kicking off the process of rolling back the ACA, WorldatWork expects to see efforts from Republicans via the Congressional Review Act. While focusing on the ACA, we find this article interesting as the new president has promised to quickly undo several Obama administration executive orders affecting total reward issues. More to be seen here surely.
Finally, NFPCCmp;A recently conducted its 2016/2017 Energy Pay Pulse Survey and has finalized survey results. We have included an executive summary below for your review. Please feel free to reach out to us if you have any questions or are interested in participating in the next Energy Pay Pulse Survey.
As always, let us know if there are any topics you’d like to hear more about. We appreciate each and every one of you.
Deal Lawyer SEC Chair Could Mean Changes for Executive Compensation
Many of President Trump’s appointments have been polarizing, and the nomination for SEC Chair has been no exception. Walter “Jay” Clayton, Partner at Sullivan & Cromwell, a well-known deal lawyer in mergers, acquisitions, and IPOs is currently an unknown in the political arena.
‘Tis the Season for W-2 Scams
Between January and March of last year, more than 55 businesses had reportedly been tricked into e-mailing criminals sensitive payroll data, according to the security blog Cloudmark. HR professionals – some of whom were fired for exposing private information – were duped when they received spoofed or fake e-mail messages.
New Congress Begins with Total Rewards Issues Keyed Up For Action
Over the next few weeks, and certainly in the first 100 days of the new Trump administration, Congress is expected to address several significant total rewards issues. First up: Obamacare repeal.
2016/2017 Energy Pay Pulse Survey Executive Summary