Is it a perk if a company pays for an executive’s legal fees?
For purposes of the proxy statement filed with the SEC, is it a perk if a company pays for an executive’s legal fees?
It’s a perk if the legal work is not in the context of the executive doing their job
Of course, a company will pay for an executive’s legal fees if they’re sued in the normal course of their job – like a lawsuit claiming the officer breached their fiduciary duties for example.
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