---
title: "Governance Flags"
method: GET
path: "/api/executives/governance"
tags: ["Executives"]
---

# Governance Flags

`GET /api/executives/governance`

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Returns corporate governance flags related to executive compensation practices, extracted from DEF 14A proxy statements.

These flags reveal important governance characteristics around insider trading and compensation award timing:

| Flag | What it means |
|------|---------------|
| `insiderTradingPolicy` | Whether the company has formally adopted insider trading policies and procedures |
| `mnpiConsideredInAwardTiming` | Whether the company considers Material Non-Public Information (MNPI) when timing equity award grants — a "true" response indicates the company is aware of the optics around granting awards before material announcements |
| `awardTimingPredetermined` | Whether equity award grant dates are predetermined (e.g., on a fixed schedule) rather than discretionary — predetermined timing reduces the risk of "spring-loading" awards |
| `mnpiDisclosureTimedForComp` | Whether the company times MNPI disclosures to affect compensation valuations — a "true" flag is a potential governance concern |

**Data source:** SEC XBRL-tagged DEF 14A filings.

## Query parameters

- `symbol` string
- `cik` integer
- `cusip` string
- `composite_figi` string
- `share_class_figi` string

## Response `200`

Governance flags (null if no DEF 14A governance data available)

- object, nullable
  - `insiderTradingPolicy` boolean, nullable — Whether insider trading policies and procedures are adopted
  - `mnpiConsideredInAwardTiming` boolean, nullable — Whether MNPI is considered when timing equity award grants
  - `awardTimingPredetermined` boolean, nullable — Whether equity award timing is predetermined
  - `mnpiDisclosureTimedForComp` boolean, nullable — Whether MNPI disclosure is timed to affect compensation valuation

## Other responses

- `400` — Invalid parameters or company not found
- `403` — Feature not available on current plan

---

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