S&C Releases Practical Guidance for 2019 Proxy Season

On November 15, 2018, Sullivan & Cromwell released its 2019 Practical Guidance for Directors and Board Committees. The memorandum is intended to summarize recommendations and observations of emerging trends for the 2019 proxy season, with a focus on nominating and corporate governance committee topics, compensation committee topics, trends in proxy statement disclosures and shareholder proposals. The memorandum also notes the increase in investor concern regarding sustainability and long-term strategy, which often results in increased disclosure regarding company policies and initiatives. The Sullivan & Cromwell memorandum is available here.