A day in the life of Doug Chia
Johnson & Johnson’s Douglas Chia, chair of the corporate secretaries focus section here on Say on Pay 2009, represented the Society of Corporate Secretaries and Governance Professionals at a special session on proxy reform held last night at Baruch College for the National Investor Relations Institute’s New York chapter.
- Drove to work listening to a podcast by a compensation consultant on say on pay and heightened compensation disclosure.
- Arrived at the office and reviewed J&J’s draft 10-Q, which is to be filed next week.
- Talked to J&J’s IRO about a potential disclosure issue around the 10-Q.
- Over lunch, listened to a webinar by another compensation consultant.
- Began the afternoon putting finishing touches on a comment letter on proxy access to be sent to the SEC by a group of companies.
- Back in his car, talked on the phone to an internal group about a request from a UK-based socially responsible investor for additional disclosure.
- Still on the road, phoned Washington contacts about Barney Frank’s say-on-pay bill, now in markup and headed for a vote Thursday or Friday.
- At NIRI-NY’s panel session, told how corporate secretaries won’t be goofing off over the next several months. He expects many more similar days packed with say on pay, compensation disclosure and other proxy season priorities. ‘Double my pay, please!’
- On his way home, was planning to think about how to reach out to retail shareholders – without the broker vote, there will be a 25 percent to 30 percent block of shareholders voting on their own next year.
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