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Managing Director Jim Heim said, “Investors in certain sectors, especially energy, materials and chemicals, are demanding more information from companies with respect to sustainability efforts.”
The thinking is, if you’re doing something that’s not fraudulent but is inappropriate and perhaps impacts the share price, why wouldn’t it warrant a clawback?” said Aalap Shah, managing director at Pearl Meyer.
“Companies as a whole are doing a much better job at explaining their pay programs to investors than was the case a decade ago, but they are also subject to increasingly complex and varied scorecards from different investor groups and proxy advisors,” said Jim Heim, managing director.