Executive Compensation, Benefits,
Employment and Labor Focus |
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Executive Pay Standards in Store for All US Companies
Beyond
the executive compensation standards imposed on companies receiving
federal assistance under TARP, a host of proposed laws and regulations
can significantly impact the executive compensation practices for
nearly all financial firms and US public companies, if passed. Now is
the time to review these initiatives. To help you navigate the proposed
rules, we have summarized the key points and the status of the pending
reforms, as well as explained how they may affect your company.
Click here for the full article.
IRS Issues Notices and Guidance on Retirement Savings
Last
month, President Obama and Secretary of the Treasury Tim Geithner
announced new initiatives to promote retirement savings. As part of
those initiatives, the Internal Revenue Service (the "IRS") issued
several Notices and Revenue Rulings to encourage greater retirement
savings through vehicles such as automatic enrollment in
employer-sponsored individual account defined contribution plans
(namely, 401(k)s and SIMPLE IRAs), as well as to clarify the rules on
plan amendments regarding contributions of unused paid time off, and to
provide model notices for eligible rollover distributions.
Read here for a summary of these Notices and Revenue Rulings.
Employers Should Prepare Now for the 2009 – 2010 Flu Season
With the fall
season underway, employers should begin preparing for the effects of a
possible 2009 – 2010 flu pandemic. In this connection, the Centers for
Disease Control and Prevention recently released a new "Guidance for
Businesses and Employers to Plan and Respond to the 2009 – 2010
Influenza Season" and, in conjunction with the Department of Health and
Human Services and the US Department of Homeland Security, also issued
"Preparing for the Flu (Including 2009 H1N1 Flu)—A Communication
Toolkit for Businesses and Employers."
Read here
for information on appropriate steps employers can take now to decrease
the spread of seasonal flu and 2009 H1N1 flu in the workplace.
Supporting Clients Across the Globe
White & Case is a leading global law firm with lawyers in 36 offices across 25 countries.
We advise on
virtually every area of law that affects cross-border business and our
knowledge, like our clients' interests, transcends geographic
boundaries.
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More than 100 professionals
in
our global Executive Compensation, Benefits, Employment and Labor
Practice guide companies and their top executives through the full
spectrum of legal issues related to compensation arrangements, employee
benefits and employment.
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