Insights & Spotlights - Clermont Partners

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Grey Is The New Black

ESG Communication

Take Advantage of the SEC’s ‘Wiggle Room’ to Build High-Impact Human Capital Disclosure In August, after years of pressure from large investors, the SEC revised the Reg S-K disclosure requirements to “modernize” the descriptions of business, legal proceedings, and risk...

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Making BlackRock’s “Nice List” Just Got A Lot More Challenging

General

BlackRock Investment Stewardship (BIS) released its 2021 Stewardship Expectations a bit earlier than anticipated, which may prove to be a useful gift for companies that need a jump on making the changes investors are expecting to see in the new...

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Better Not Cry: Reasonable Executive Compensation Changes May Be Tolerated. But Crocodile Tears Won’t Be.

COVID-19

In “normal” years, executive compensation plans rely upon metrics like sales and profit to determine short-term remuneration. However, 2020 has been anything but normal. With COVID-19 spreading like wildfire around the globe, everything from sports to the presidential election has...

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The 3 Biggest Virtual Meeting Missteps of 2020 – And How to Avoid Them in 2021

Proxy Advisory

During the infamous spring of 2020, the U.S. annual shareholder meetings seasons opened up right as concerns about the coronavirus peaked, coinciding with government-imposed lockdowns and shelter-in-place orders. Executives of publicly-listed corporations had to scramble to rethink how to conduct...

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Prioritizing Diversity: 4 Keys to Building a Stronger Team

ESG Communication

The tragic events of the summer moved diversity issues into the spotlight, escalating the importance of this critical topic to an all-time high. The stakeholder response has been universal. The public, state legislators, corporations, investment firms, and ESG ratings agencies...

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What the New SEC Proxy Rules Mean

Proxy Advisory

On July 22, 2020, the Securities and Exchange Commission (SEC) published an important new rule[1] that affects proxy advisors and ratings agencies. Companies that provide proxy advice (primarily ISS and Glass Lewis) will now need to (1) make specific company...

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Amending Board Committee Charters to Prevent Director No Votes

Proxy Advisory

Directors play a significant role as fiduciaries in overseeing ESG risk, and investors are increasingly interested in understanding how companies define this responsibility through Board structures and committee charters. Many large institutional investors gave issuers notice this year that from...

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ESG Investor Communications: Tying KPI’s to Your ESG Program

ESG Communication

With increased environmental and social disclosures in an environment that lacks standardization, investors must decipher between a robust ESG program and one that markets an image of environmental and social responsibility. Greenwashing is the corporate practice of spending more time...

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Sector Spotlight – Second Quarter A&D and Industrial Updates

COVID-19

Updated as of 9:00 AM CST on July 22, 2020 Industrial Earnings pre-release Alcoa-Releases Preliminary Second Quarter 2020 Results Greenbrier-Reports Q320 Results Embraer: Delivers Four Commercial and 13 Executive Jets in 2Q20 Guidance – qualitative, quantitative, time frame, etc. GATX-Releases...

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Sector Spotlight – Second Quarter Recreational Products Updates

COVID-19

Updated as of 8:00 AM CST on July 22, 2020 Earnings preannouncements BRP Inc.: BRP TO INCREASE MANUFACTURING CAPACITY IN MEXICO TO MEET SIDE-BY-SIDE VEHICLES DEMAND (7/2/2020) OneWater Marine: OneWater Marine Inc. Provides Business Update (6/3/2020) LCI Industries – LCI...

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Sector Spotlight – Second Quarter Food Service & CPG Updates

COVID-19

Updated as of 2:25 PM CST on July 21, 2020 Earnings pre-release TBD Guidance – qualitative, quantitative, time frame, etc. Sodexo – Q3 Fiscal 2020 Revenue Impacted by COVID-19 Pepsi– Reports Q2 2020 Financial Results Coca-Cola – Reports Q2 2020...

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Sector Spotlight – Second Quarter Insurance Updates

COVID-19

Updated as of 9:30 AM CST on July 21, 2020. Prelim Results Travelers: Announces Preliminary Results for Second Quarter 2020 Chubb: Announces Second Quarter 2020 Global Net Catastrophe Loss Estimates, Including COVID-19 Global Pandemic Losses Progressive: Reports June 2020 Results...

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