Join Managing Partner Ira Kay and Partner Patrick Haggerty of Pay Governance, along with David Shaw, Publishing Director of Directors & Boards Magazine, as they present the results of their recent survey and provide key insights into hot topics in the current executive compensation arena.
Hot Topics in Executive Compensation: Say on Pay, CEO Pay Ratio and Pay For Performance
Tuesday, October 30, 2018
Effective executive compensation programs are more important than ever in helping publicly traded companies create shareholder value and respond to all stakeholders. These programs remain controversial as boards of directors balance the inherent tension in motivating the executive team to create value in the context of the media, the SEC, ISS/Say on Pay and engaged shareholders.
Pay Governance, in conjunction with Directors and Boards magazine, conducted an opinion survey of directors to obtain insights and best practices in using executive compensation to create that balance.
This webinar will examine the survey results in detail and touch upon the following topics:
- Say on Pay votes on executive compensation. Now in its eighth year after the Dodd-Frank requirement, have they been a waste of time and resources? Have they confirmed the successful executive compensation model at the vast majority of companies? What has been effective and what has not?
- Has the newly disclosed ratio of “CEO pay to median employee pay” been helpful? Has it been harmful?
- Is the overall “executive pay for performance” model working? Are companies using “realizable pay” to demonstrate that they do indeed pay for performance? What is happening in the marketplace for goal setting and special grants?
Join Managing Partner Ira Kay and Partner Patrick Haggerty of Pay Governance, along with David Shaw, Publishing Director of Directors & Boards Magazine, as they present the results of the survey and provide key insights into hot topics in the current executive compensation arena.
Ira T. Kay, a Managing Partner at Pay Governance, is one of the nation's foremost experts on executive compensation. He works closely with the boards and management to help them develop executive compensation programs that increase shareholder value. His clients include premier US and global corporations ranging across various industries, including telecommunications, financial services, retail, defense, technology, consulting, insurance, business services, consumer products, media, food, transportation, among others.
Prior to becoming a Managing Partner at Pay Governance, Ira served as the global director of Watson Wyatt's Executive Compensation practice for 16 years.
Ira writes and speaks regularly on executive compensation issues. His most recent co-authored book, "Myths and Realities of Executive Compensation", documents the realities of executive pay in the United States and the forces that have shaped pay in recent years. He is also the author of "The Human Capital Edge, CEO Pay and Shareholder Value: Helping the U.S. Win the Global Economic War", and "Value at the Top: Solutions to the Executive Compensation Crisis." Ira has presented analysis of executive compensation issues before the Federal Reserve Board, the S.E.C., the F.A.S.B. and a U.S. Senate subcommittee. He is often quoted in The Wall Street Journal, New York Times, Forbes, The Economist, and other leading publications. His articles have been published in the Harvard Business Review and the McKinsey Quarterly.
Ira holds a B.S. in Industrial and Labor Relations from
Patrick Haggerty is a Partner based in Pay Governance’s New York office. He specializes in the analysis, design and implementation of executive pay programs that drive shareholder value. Pat consults with publicly-traded, privately-owned and pre-IPO companies in a wide spectrum of industries regarding executive and non-employee director pay programs. His work includes pay level benchmarking (both U.S. and international positions), annual and long-term incentive plan design, and special situations.
Pat has significant experience in helping companies effectively handle significant changes, including spin-offs, IPOs, mergers and acquisitions. Pat works with numerous Fortune 500 and other prominent companies, with a particular focus on pharmaceutical and medical device companies.
Prior to joining Pay Governance, Pat was a senior consultant in Towers Watson's executive compensation practice.
Patrick has been published in leading journals and newspapers, including the Directors & Boards, Agenda, and Financier Worldwide. Recently, he has written articles entitled “Do companies known for innovation use incentive metrics that measure innovation?” and “2016 Compensation Trends in U.S.”
Pat earned a Master of Science degree in economics at the University of South Carolina and an MBA with a concentration in human resources at Georgia State University.
Publishing Director, Directors & Boards Magazine
David Shaw is the publishing director of Directors & Boards Magazine and its sister publication, Family Business Magazine. With more than 30 years of experience in business-to-business and consumer media markets, he has served as an editor, publisher, publishing director, group publisher and group vice president of a variety of publications, trade shows, conferences and websites. Prior to founding GRID Media, David served as senior vice president for Phillips Business Information Inc., where he oversaw nearly 100 discrete media properties, and helped build the business from $35 million to more than $100 million in annual revenues. He is a frequent author and speaker on issues related to business-to-business media, multi-generational family businesses and private and public company governance. He is married, with two grown children, one serving in the Navy and the other in law school.