Is an executive receiving a gift from a customer a perk?

For purposes of the proxy statement filed with the SEC, is an executive receiving a gift from a customer a perk?

It is if you received it in your capacity as an executive.

This is one of those that feels weird because there’s no cost to the company. But it’s a perk – and you would disclose it in the list of an executive’s perks, assuming an executive’s total perks exceeded $10,000.

For many more Vid-Guides dealing with corporate & securities law, corporate governance, E&S issues and more – particularly if you want to review any Vid-Guides referred to during this Vid-Guide – see the list of Vid-Guides spread throughout these categories:

• Corporate Governance
• Proxy Season
• Executive Pay
• ’34 Act/Other
• ’33 Act/Deals
• Sustainability/E&S
• Career Advice
• Fun Party

And since all the content on ZippyPoint.com is complimentary, please “Pay-What-You-Can” to help keep this fine platform alive & well…