DFIN’s 8th Edition Guide to Effective Proxies Showcases Critical 2020 Proxy Disclosure Trends
10 September 2020 - 10:00PM
Business Wire
Annual guide highlights topics investors most want to see in
corporate proxies, including decision-useful Environmental, Social
and Governance and Human Capital Management content
Donnelley Financial Solutions (NYSE: DFIN), a leading risk and
compliance company, has compiled its 2020 Guide to Effective
Proxies. Now in its 8th edition, this comprehensive guide provides
insights to help companies design proxy statements that communicate
vital information about business objectives to investors, while
also complying with SEC regulations.
DFIN’s annual guide showcases innovative and
shareholder-friendly best practices gathered from managing the
public filings of its extensive client base, including over
one-third of U.S. public companies. DFIN also provides helpful tips
for how companies should begin preparing for the 2021 proxy
season.
Here are some notable trends:
- Interest in Environmental, Social & Governance (ESG) issues
on the part of a broad range of investors and other stakeholders
continues to intensify
- Human Capital Management (HCM) is increasingly considered a
driver of corporate value and success, especially in light of
COVID-19
- Majority of companies are using clear language to discuss their
business strategies and tie them to executive compensation
- Board diversity, skills, and qualifications continue to receive
attention, including increased highlighting of ESG- and HCM-related
experience and competencies
- Critical board functions and processes are becoming more
transparent, including discussions of the outcomes from following
these processes. These processes can include board risk oversight,
director evaluation and recruitment, and shareholder
engagement
“The COVID-19 pandemic has heightened both ESG and HCM issues.
In response, proxies are including more information about vital
topics from board diversity and effective oversight to
well-designed and communicated executive compensation programs and
employee health and safety,” said Ron Schneider, Director of
Corporate Governance Services at DFIN. “Investors are interested in
ESG-related risks and opportunities and in how sustainable and
resilient companies are in the face of unpredictable events. Now,
more than ever, credible communication on these issues is a must
have, not a nice to have.”
DFIN will host its annual webcast highlighting the hot topics
from the year’s proxy season and how to navigate the guide. Click
here to register for this event on September 15, 2020.
“How companies present themselves in their proxies has become
increasingly relevant as a reflection of the strategic priorities
of both executives and boards of directors. Institutional investors
and other key stakeholders are turning to proxies to gauge the
risks and opportunities companies are currently facing, thereby
pushing the proxy to evolve beyond a traditional compliance
document,” said Craig Clay, President of Global Capital Markets at
DFIN. “We are proud that our annual guide has become a trusted
resource as companies enhance their investor communications. The
proxy guide highlights companies with outstanding disclosures
covering cutting-edge topics, including climate risk and human
capital management. This guide, along with DFIN’s regulatory
experts and software solution ActiveDisclosure, will help you
streamline designing, drafting, and SEC filing.”
About Donnelley Financial Solutions (DFIN)
DFIN is a leading global risk and compliance solutions company.
We provide domain expertise, enterprise software and data analytics
for every stage of our clients’ business and investment lifecycles.
Markets fluctuate, regulations evolve, technology advances, and
through it all, DFIN delivers confidence with the right solutions
in moments that matter. Learn about DFIN’s end-to-end risk and
compliance solutions at DFINsolutions.com or follow us on Twitter
at @DFINSolutions or on LinkedIn.
Forward-Looking Statements
This news release may contain "forward-looking statements"
within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended, and the U.S. Private Securities Litigation Reform
Act of 1995. Readers are cautioned not to place undue reliance on
these forward-looking statements and any such forward-looking
statements are qualified in their entirety by reference to the
following cautionary statements. All forward-looking statements
speak only as of the date of this news release and are based on
current expectations and involve a number of assumptions, risks and
uncertainties that could cause the actual results to differ
materially from such forward-looking statements. Readers are
strongly encouraged to read the full cautionary statements
contained in Donnelley Financial Solutions’ (DFIN’s) filings with
the SEC. Donnelley Financial Solutions disclaims any obligation to
update or revise any forward-looking statements.
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Media Contact: Jeff Brennan media@dfinsolutions.com
Investor Contact: Justin Ritchie
investors@dfinsolutions.com
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