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    Donald Kalfen

    Partner
    T:
    847-347-2524
    E:
    dkalfen@meridiancp.com
    Lake Forest
    100 S. Saunders Rd.
    Suite 250
    Lake Forest, IL 60045
    847-235-3600

    Donald has thirty years of professional experience, including over 25 years advising client’s on a broad range of technical, regulatory and corporate governance matters effecting the design, implementation and administration of executive compensation arrangements. These include accounting standards, tax rules, proxy disclosure requirements, securities exchange listing standards, governance standards and proxy voting guidelines of major institutional shareholders and their advisers, like ISS and Glass Lewis. He advises clients on design issues relating to short-term and long-term incentive plans, severance arrangements, change-in-control agreements, deferred compensation plans, and employment agreements. He serves public companies across all industries and of all sizes.

    Donald has been published in many publications and involved in numerous speaking engagements including:

    • Presenter, Developments in Change in Control Severance Practices, NYSE Governance Series, 2015.
    • Donald G. Kalfen and Susan O’Donnell, What the CEO Pay Ratio Means for America’s Community Banks, American Banker, 2015.
    • Webcast Presenter, CEO Pay Ratio – Finding the Median Employee, NYSE Governance Series, 2015.
    • Panelist, The Dodd-Frank Act and Unprecedented Insider Accountability, Seminar jointly sponsored by Morgan Lewis and Meridian, 2015.
    • Donald Kalfen and Bob Romanchek, Grants for New Hires – Saving Shares, NACD, 2016.
    • Donald G. Kalfen, CEO Pay Ratio, Nasdaq Webpage, 2016.
    • Pay Ratio, KnowledgeGroup Webinar, 2017.
    • Pay Ratio panel discussion, Society for Corporate Governance (Chicago Chapter), 2017.
    • Donald Kalfen, CEO Pay Ratio: The Disclosure That Simply Will Not Fade Away, NACD, 2017

    He has a BS in Accountancy from the University of Illinois (Urbana-Champaign) and a Juris Doctor (with high honors) from IIT Chicago-Kent College of Law. Donald is also a Certified Public Accountant.

    Insights By Donald Kalfen

    Client Alerts
    2 Min Read

    SEC Withdraws Certain Proposed Rules Including Rules on Exclusion of Certain Shareholder Proposals

    Client Alerts
    5 Min Read

    Agenda Announced for SEC Roundtable on Executive Compensation Disclosure Requirements

    Client Alerts
    3 Min Read

    SEC Announces Roundtable Discussion on Executive Pay Disclosures

    Client Alerts
    3 Min Read

    Incoming Chair Paul Atkins Seeks to Reorient SEC Focus

    Videos
    1 Min Watch

    Important Guide Rails When Communicating With Investors

    Videos
    1 Min Watch

    Creating an Ongoing Approach to Shareholder Outreach

    Podcasts
    17 Min Listen
    Executive Compensation Podcast

    Engaging With Shareholders on Executive Compensation

    Client Alerts
    2 Min Read

    Glass Lewis Maintains Policies on Board Diversity

    Client Alerts
    6 Min Read

    White House Asserts Authority Over Federal Regulatory Agencies Through Recent Executive Order

    Client Alerts
    2 Min Read

    ISS Revokes Policy on Board Diversity

    Client Alerts
    5 Min Read

    ISS and Glass Lewis Issue Policy Updates for 2025

    Surveys
    5 Min Read

    2024 Study of Executive Severance Arrangements Not Related to a Change in Control

    Client Alerts
    3 Min Read

    Nasdaq Board Diversity Rule Struck Down by Federal Court

    Client Alerts
    6 Min Read

    Delaware Court Rejects Musk’s Pay Package for Second Time

    Client Alerts
    9 Min Read

    Potential Impact of the Incoming Trump Administration on Disclosure Rules, the Noncompete Ban and Taxes

    Client Alerts
    2 Min Read

    SEC Cracks Down on Violations of Whistleblower Protection Rules

    Client Alerts
    3 Min Read

    Texas Federal Court Strikes Down FTC’s Ban on Noncompetes

    Client Alerts
    2 Min Read

    Massachusetts Adds To The Growing Number Of States To Pass Pay Transparency Laws

    Client Alerts
    5 Min Read

    ISS 2025 Policy Survey Questionnaire Suggests Potential Incremental Changes to ISS Policies on Compensation Matters

    Client Alerts
    3 Min Read

    Pennsylvania Federal Court Fails to Grant Preliminary Injunction Regarding the FTC’s Ban on Noncompete Arrangements

    Client Alerts
    1 Min Read

    SEC Publishes Updated Regulatory Flexibility Agenda

    Client Alerts
    3 Min Read

    Federal Court Vacates SEC’s Scaled Back Rules Governing Proxy Voting Advice

    Client Alerts
    3 Min Read

    Federal Court Issues Limited Stay on FTC Ban on Noncompetes

    Client Alerts
    7 Min Read

    High Court Strikes Down Chevron Deference