Partners Kenneth Laverriere (New York-Compensation, Governance & ERISA) and Doreen Lilienfeld (New York-Compensation, Governance & ERISA) co-authored an article titled "Standing On Higher Ground: How And When To Adopt Pay Practices That Don't Comply With Proxy Adviser Guidelines,” published by Bloomberg BNA’s Corporate Law & Accountability Report.

In their article, Laverriere and Lilienfeld discuss the emerging consensus on when to depart from proxy adviser guidelines regarding pay practices. According to the authors, “investor pay guidelines are an important factor for compensation committees to consider in setting its pay philosophy, pay components and pay levels, but they are not the most important factor and are not a substitute for the committee’s sound judgment.”

The article can be accessed here.