Equity Award Delegations for Publicly Traded Companies

Please join Troutman Pepper Partners Chris Willis and Sheri Adler as they discuss recent developments in equity award delegations for public companies incorporated in Delaware. Sheri, a member of our Employee Benefits and Executive Compensation practice, provides our listeners with a 30,000-foot view of what equity incentive plans typically look like at a public company, such as a publicly traded bank or another financial institution. She then dives deeper into the topic of equity grant-making authority, addressing questions such as:

• Why do many compensation committees appoint an officer or another delegate to grant equity awards?
• Does an equity plan need to be drafted a certain way in order for a delegation to be allowed?
• Which laws govern the ability to delegate?
• What are the rules for setting up an equity delegation in a Delaware company under Delaware General Corporation Law (DGCL) Sections 152 and 157?
• What advice can be given to companies looking to set up equity delegations under the DGCL rules?
• Is there an alternative method for setting up a delegation in a Delaware company?

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