Resources to Improve your Regulatory Reporting Process

Finance professionals need ongoing access to valuable resources in order to consistently improve and streamline external financial reporting processes. It is critical to financial compliance for the educational resources to be updated as requirements change. What if a variety of tools were housed in one, easy-to-use toolkit built specifically for financial reporting teams? That’s where Certent’s Interactive Toolkit for External Financial Reporting comes in!

Creating an Epic Partnership with Your Broker

Developing a strong relationship with the right broker is an essential component for a public company’s equity compensation program. With so many to choose from, it can be difficult to make the right choice, but doing so can have a very large effect on the success of your plan. There are a few critical elements to creating and maintaining a solid broker partnership including: asking the right questions from the get-go, initiating a successful roll out of your new broker and leveraging their educational resources.

Center for Data Quality Proposed Rules Available for Comment

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The XBRL industry continues to make strides towards improving quality of interactive data filings submitted to the SEC. On July 15, 2015, the newly formed XBRL US Center for Data Quality announced the start of its inaugural public comment period for seven proposed rules covering 2,400 elements. The recently proposed rules address common XBRL input errors and consist of the following…

The SEC Proposes Required Clawback Policies for Executive Compensation

Clawback provisions, referring to money or benefits that can be taken back as a result of special circumstances, are no new concept in the world of executive compensation. However, in a recent press release, the SEC proposed rules that would require companies to adopt and comply with a compensation recovery policy. This SEC proposal marks the final outstanding regulation required by the Dodd-Frank Act of 2010. Here is a bit of detail surrounding the proposed listing standards.

Newly Formed XBRL Data Quality Center Set to Address and Improve the Utility of XBRL

XBRL has become a worldwide standard for business and financial data, however a lack of consistent guidance has made the accuracy, consistency and reliability of this information a challenge. Inconsistent or incorrect tagging make automated analysis of this data a real chore – but what can we do? XBRL US recently announced an initiative, known as the XBRL US Center for Data Quality, to improve the utility of XBRL financial data filed with the SEC. Certent is proud to be a member of the Center and below is a quick look at what the Data Committee plans to develop.

Incentive Plan Design for Compensation Committees

Board members bring of wealth of talent and experience to the companies they serve, but often have no practical exposure to the basic building blocks of effective compensation design. Before new compensation committee members jump into aligning incentives with company strategy, discussing “best practices” or considering accounting and tax implications, it can be very beneficial to review the concepts typically used by compensation professionals in incentive design.

Back To The Future – Should Stock Incentive Plans Impose Grant Limits on Non-Employee Director Awards?

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On April 30, 2015, the Court of Chancery of the State of Delaware rendered an important case decision in a procedural matter dealing with the equity compensation of non-employee members of a company’s board of directors. As we discuss in this blog, companies may wish to evaluate their equity compensation plans and ascertain whether their process regarding non-employee director equity awards needs any adjustments in light of Calma.