GuerdonNews® Special COVID-19 News Alert

24 March 2020

Dear reader,

 

Welcome to this re-sent special issue of GuerdonNews®

 

Apologies, we are resending this special alert due to an incorrect link in the first article .

 

In this special alert, we provide an update on remuneration and COVID-19 responses, including: 

 

• A method to conserve cash, raise capital, and keep people employed

• One UK proxy adviser’s response

• Guerdon Associates' response 

 

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How to conserve cash and keep people employed 

An alternative to laying off employees

Offering employees equity in lieu of fixed pay would keep more employees employed. However, there is a need for judgement in implementation . We provide a checklist . 

Read more

Expectations of executive incentives in light of COVID 19    

One UK proxy adviser urges fixed pay only

PIRC, the largest independent corporate governance and shareholder advisory in Europe calls for companies to suspend incentives and bonuses until the end of the financial year. 

Read more

Guerdon Associates' response   

Smooth transition so that our high service standards for boards are being maintained

Guerdon Associates have been preparing for a potential total lockdown for weeks. Full plans were implemented last week. Our technology works well. Staff are safe, and clients are being well serviced. But although we had a trial run last week, we are yet to test it across all staff for a virtual after work Thursday night drinks and nibbles session. At least we do not have to worry about ensuring all staff will get safely home.....

Read more

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The information, analysis and opinion in this e-mail and attachments are intended to be for informational purposes only. Analyses are based on information taken from public documents or private surveys, and we do not represent to its accuracy. Guerdon Associates assumes no liability for the use or interpretation of information contained herein. This publication is provided 'as is' without warranty of any kind, either expressed or implied, including, but not limited to, the implied warranties of marketability, fitness for a particular purpose, or non-infringement of third party rights.

Copyright © 2019 Guerdon Associates

ISSN 1834-8300